pay off vs liquidate

pay off and liquidate both are verbs.

Word	Noun	Adjective	Verb	Adverb
pay off	No	No	Yes	No
liquidate	No	No	Yes	No

As verbs, pay off and liquidate are synonyms defined as:

pay off (verb)	liquidate (verb)
take vengeance on or get even	get rid of (someone who may be a threat) by killing
eliminate by paying off (debts)	eliminate by paying off (debts)
pay someone with influence in order to receive a favor	convert into cash
yield a profit or result	settle the affairs of by determining the debts and applying the assets to pay them off
pay off (loans or promissory notes)
do or give something to somebody in return