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To pay off (a debt, a claim, or an obligation); settle.
(verb-transitive)
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To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge.
(verb-transitive)
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To convert (assets) into cash.
(verb-transitive)
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To put an end to; abolish.
(verb-transitive)
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To put to death; kill.
(verb-transitive)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.