LIQUIDATED

Verb

liquidated

simple past tense and past participle of liquidate

Adjective

liquidated (comparative more liquidated, superlative most liquidated)

Having undergone liquidation.

(legal) Set; ascertained; made certain by operation of law.

Source: Wiktionary


LIQUIDATE

Liq"ui*date, v. t. [imp. & p. p. Liquidated; p. pr. & vb. n. Liquidating.] Etym: [LL. liquidatus, p. p. of liquidate to liquidate, fr. L. liquidus liquid, clear. See Liquid.]

1. (Law)

Definition: 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. 821. 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.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

21 September 2024

CONFORMITY

(noun) acting according to certain accepted standards; “their financial statements are in conformity with generally accepted accounting practices”


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Coffee Trivia

The earliest credible evidence of coffee-drinking as the modern beverage appeared in modern-day Yemen. In the middle of the 15th century in Sufi shrines where coffee seeds were first roasted and brewed for drinking. The Yemenis procured the coffee beans from the Ethiopian Highlands.

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