Liquidate

Definition of Liquidate

Liq´ui`date   Pronunciation: lĭk´wĭ`dāt
v. t.1.(Law) To determine by agreement or by litigation the precise amount of (indebtedness); or, where there is an indebtedness to more than one person, to determine the precise amount of (each indebtedness); to make the amount of (an indebtedness) clear and certain.
[imp. & p. p. Liquidated (-dā`tĕd); p. pr. & vb. n. Liquidating.]
A debt or demand is liquidated whenever the amount due is agreed on by the parties, or fixed by the operation of law.
- 15 Ga. Rep. 321.
If our epistolary accounts were fairly liquidated, I believe you would be brought in considerable debtor.
- Chesterfield.
2.In an extended sense: To ascertain the amount, or the several amounts, of, and apply assets toward the discharge of (an indebtedness).
3.To discharge; to pay off or settle, as an indebtedness.
Friburg was ceded to Zurich by Sigismund to liquidate a debt of a thousand florins.
- W. Coxe.
4.To make clear and intelligible.
Time only can liquidate the meaning of all parts of a compound system.
- A. Hamilton.
5.To make liquid.
6.To convert (assets) into cash.
7.To kill; - used mostly of governments or organizations killing their enemies; as, Stalin liquidated many of the Kulaks.
8.To dissolve (an organization); to terminate (an activity).
Liquidated damages
(Law) damages the amount of which is fixed or ascertained.
- Abbott.

Related Words

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