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

29 November 2024

POPULATED

(adjective) furnished with inhabitants; ā€œthe area is well populatedā€; ā€œforests populated with all kinds of wild lifeā€


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Coffee Trivia

Contrary to popular belief, coffee beans are not technically beans. They are referred to as such because of their resemblance to legumes. A coffee bean is a seed of the Coffea plant and the source for coffee. It is the pit inside the red or purple fruit, often referred to as a cherry. Just like ordinary cherries, the coffee fruit is also a so-called stone fruit.

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