WordReference English-Spanish Dictionary © 2014:

Principal Translations
finiquitar vtrverbo transitivo: Verbo que requiere de un objeto directo ("di la verdad", "encontré una moneda"). (rescindir contrato)give severance pay vtr + n
  settle up vi phrasalphrasal verb, intransitive: Verb with adverb(s) or preposition(s), having special meaning and not taking direct object--for example, "make up" [=reconcile]: "After they fought, they made up."
 Mañana finiquitaremos a los trabajadores despedidos.
finiquitar vtrverbo transitivo: Verbo que requiere de un objeto directo ("di la verdad", "encontré una moneda"). Coloq. (terminar)close, finish vtrtransitive verb: Verb taking a direct object--for example, "Say something." "She found the cat."
   (colloquial)wrap up vtr phrasal sepphrasal verb, transitive, separable: Verb with adverb(s) or preposition(s), having special meaning, divisible--for example, "call off" [=cancel], "call the game off," "call off the game."
 Deberíamos finiquitar el asunto de la renovación.
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