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liquidation (n.)

1570s, in law, of debts, noun of action from past-participle stem of Late Latin liquidare "melt, make liquid" (see liquidate). Originally as a legal term in reference to assets; of companies going out of business, 1869; of inconvenient groups of persons, "a killing, a wiping out," 1925 in communist writings. In O. Henry, "the act of taking a drink of liquor."

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Definitions of liquidation from WordNet

liquidation (n.)
termination of a business operation by using its assets to discharge its liabilities;
Synonyms: settlement
liquidation (n.)
the act of exterminating;
Synonyms: extermination
liquidation (n.)
the murder of a competitor;
Synonyms: elimination
From wordnet.princeton.edu