LIQUIDATING

Verb

liquidating

present participle of liquidate

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

22 September 2024

SPRINGBOARD

(noun) a beginning from which an enterprise is launched; “he uses other people’s ideas as a springboard for his own”; “reality provides the jumping-off point for his illusions”; “the point of departure of international comparison cannot be an institution but must be the function it carries out”


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Coffee Trivia

There are more than 50 countries that export coffee. They are near the equator, where the climate is conducive to producing coffee beans.

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