1. To settle (an obligation) by payment or other adjustment; to extinguish (a debt).
2. To ascertain the precise amount of (debt, damages, etc.) by litigation or agreement.
3. To determine the liabilities and distribute the assets of (an entity), esp. in bankruptcy or dissolution.
4. To convert (a nonliquid asset) into cash.
5. To wind up the affairs of (a corporation, business, etc.).
6. Slang. To get rid of (a person), esp. by killing.
