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liquidate |
2 definitions found From Webster's Revised Unabridged Dictionary (1913) [web1913]: Liquidate \Liq"ui*date\ (l[i^]k"w[i^]*d[=a]t), v. t. [imp. & p. p. {Liquidated} (-d[=a]`t[e^]d); p. pr & vb n. {Liquidating}.] [LL. liquidatus p. p. of liquidare to liquidate, fr L. liquidus liquid, clear. See {Liquid}.] 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. 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). --Abbott. 3. To discharge; to pay off 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. [Obs.] {Liquidated damages} (Law), damages the amount of which is fixed or ascertained. --Abbott. From WordNet r 1.6 [wn]: liquidate v 1: get rid of kill; "The mafia liquidated the informer" [syn: {waste}, {knock off}, {do in}] 2: eliminate by paying off as of debts [syn: {pay off}]
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