liquidating

1 definition found

liquidating - Collaborative International Dictionary of English v.0.48 :

  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.
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              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.
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              If our epistolary accounts were fairly liquidated, I
              believe you would be brought in considerable debtor.
                                                    --Chesterfield.
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     2. In an extended sense: To ascertain the amount, or the
        several amounts, of, and apply assets toward the discharge
        of (an indebtedness). --Abbott.
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     3. To discharge; to pay off or settle, as an indebtedness.
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              Friburg was ceded to Zurich by Sigismund to
              liquidate a debt of a thousand florins. --W. Coxe.
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     4. To make clear and intelligible.
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              Time only can liquidate the meaning of all parts of
              a compound system.                    --A. Hamilton.
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     5. To make liquid. [Obs.]
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     6. To convert (assets) into cash.
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     7. To kill; -- used mostly of governments or organizations
        killing their enemies; as, Stalin liquidated many of the
        Kulaks.
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     8. To dissolve (an organization); to terminate (an activity).
        [PJC]
  
     Liquidated damages (Law), damages the amount of which is
        fixed or ascertained. --Abbott.
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