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liquidatedmore about liquidated

liquidated

 

  1  definition  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.




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