Liquidate

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1.

To sell the assets of a company (or other entity) in order to pay off debts, commonly involving the winding up of the entity.


2.

To close a market position, for example by selling an asset for cash.


3.

To turn any other asset - including the proceeds of crime - into cash.


Frauds made easier by technology

"The frauds in Romania and the UK were both... made easier by technology (electronic payments can be liquidated more quickly and easily than cheques)."
The Treasurer magazine, March 2017, p39 - Lesley Meall, freelance journalist specialising in technology and finance.


See also