liquidate

(verb) get rid of (someone who may be a threat) by killing. Synonyms: neutralize, neutralise, waste, knock off, do in. Examples: "The mafia liquidated the informer." "The double agent was neutralized."

(verb) eliminate by paying off (debts). Synonyms: pay off.

(verb) convert into cash. Example: "I had to liquidate my holdings to pay off my ex-husband."

(verb) settle the affairs of by determining the debts and applying the assets to pay them off. Example: "Liquidate a company."