liq·ui·date /ˈlɪkwəˌdet/
(vt.)償付,清算,掃除,整理,破產,消滅清算,清理
Liq·ui·date v. t. [imp. & p. p. Liquidated p. pr. & vb. n. Liquidating.]
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.
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.
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).
3. To discharge; to pay off or settle, 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.
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liquidate
v 1: get rid of (someone who may be a threat) by killing; "The
mafia liquidated the informer"; "the double agent was
neutralized" [syn: neutralize, neutralise, waste,
knock off, do in]
2: eliminate by paying off (debts) [syn: pay off]
3: convert into cash; "I had to liquidate my holdings to pay
off my ex-husband"
4: settle the affairs of by determining the debts and applying
the assets to pay them off; "liquidate a company"