A word Liquidate formally used for bank/business purposes. Liquidate your assets and liabilities. = Sum/Total/ Breakdown/ your assets and liabilities. Thanks. Pls correct if im wrong.

Meanings of liquidate 1. a. To pay off (a debt, a claim, or an obligation); settle. b. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge. 2. To convert (assets) into cash. 3. To put an end to; abolish. 4. To put to death; kill /eliminate. Other meanings: 1. To settle a debt, a claim, or an obligation. 2. To settle the affairs of a business or an estate by disposing of its assets and liabilities.

Most often you will hear it when a company is going out of business and has to sell their inventory quickly to gain cash. "The bankrupt company was ordered by the judge to liquidate their assets to pay of their creditors"