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. [1913 Webster]

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. [1913 Webster]

If our epistolary accounts were fairly liquidated, I believe you would be brought in considerable debtor. --Chesterfield. [1913 Webster]

2. In an extended sense: To ascertain the amount, or the several amounts, of, and apply assets toward the discharge of (an indebtedness). --Abbott. [1913 Webster]

3. To discharge; to pay off or settle, as an indebtedness. [1913 Webster]

Friburg was ceded to Zurich by Sigismund to liquidate a debt of a thousand florins. --W. Coxe. [1913 Webster]

4. To make clear and intelligible. [1913 Webster]

Time only can liquidate the meaning of all parts of a compound system. --A. Hamilton. [1913 Webster]

5. To make liquid. [Obs.] [1913 Webster]

6. To convert (assets) into cash. [PJC]

7. To kill; -- used mostly of governments or organizations killing their enemies; as, Stalin liquidated many of the Kulaks. [PJC]

8. To dissolve (an organization); to terminate (an activity). [PJC]

{Liquidated damages} (Law), damages the amount of which is fixed or ascertained. --Abbott. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • liquidated — A debt that is for a known number of dollars is liquidated. An unliquidated debt is one where the debtor has liability, but the exact monetary measure of that liability is unknown. Tort claims are usually unliquidated until a trial fixes the… …   Glossary of Bankruptcy

  • liquidated — liq·ui·dat·ed adj 1: settled or determined by liquidating see also liquidated damages at damage 2 2: capable of being readily fixed, calculated, or ascertained as a sum esp. without dispute or reliance on opinion or discretion …   Law dictionary

  • liquidated — Ascertained; determined; fixed; settled; made clear or manifest. Cleared away; paid; discharged. Adjusted, certain, or settled. Murchison v. Levy Plumbing Co., Tex.Civ.App., 73 S.W.2d 967, 968. Declared by the parties as to amount, U. S. v.… …   Black's law dictionary

  • liquidated — adj. bankrupt; closed (of a business); paid off; converted into cash; destroyed; changed into a liquid liq·ui·date || lɪkwɪdeɪt v. pay off a debt; determine and discharge the financial obligations of a business in preparation for closure; be …   English contemporary dictionary

  • liquidated — un·liquidated; …   English syllables

  • liquidated — adjective Set; ascertained; made certain by operation of law …   Wiktionary

  • liquidated — Synonyms and related words: acquitted, banned, barred, debarred, deported, discharged, ejected, excluded, exiled, expelled, expended, hired, left out, not in it, not included, paid, paid in full, postpaid, precluded, prepaid, prohibited, purged,… …   Moby Thesaurus

  • liquidated — Paid. Wound up, as in reference to the affairs of a business. Determined as to amount, as in reference to a debt …   Ballentine's law dictionary

  • liquidated damages — see damage 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. liquidated damages …   Law dictionary

  • Liquidated damages — (also referred to as liquidated and ascertained damages) are damages whose amount the parties designate during the formation of a contract for the injured party to collect as compensation upon a specific breach (e.g., late performance).When… …   Wikipedia

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