Liquidated

Liquidated
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.

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  • 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

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  • liquidated claim — USA A claim for a fixed amount of money. Such amount is either previously agreed to by the parties or can be precisely determined by mathematical calculation, reference to the parties agreement or by operation of law. Practical Law Dictionary.… …   Law dictionary

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