AmE has "liquid assets" as a standard term for "available money."
Someone who has a loan called due might have to take a loss
(take a bath?) by liquidating other investments at a bad price.
"Liquidating" an asset entirely would describe selling off all
of your holdings in that company -- abandoning it. That might
entail bankruptcy and going out of business.
Without any guidance in the matter, I've always assumed that
"liquidating" a dangerous agent called upon the business
metaphor, investment or closing.
Today I wonder for the first time if "wet work" as the idiom for
the work of assassins is an extension of "liquidating". I have
previously ignored my lack of curiosity about wet work. Hmm,
I don't really like it, there should be something better.
--
Rich Ulrich