Liquidate
Liquidate (lik"wi*dāt) , transitive verb
[Late Latin liquidatus, past participle of liquidare to liquidate, from Latin 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.
A debt or demand is liquidated whenever the amount due is agreed on by the parties, or fixed by the operation of law.
If our epistolary accounts were fairly liquidated, I believe you would be brought in considerable debtor.
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 or settle, as an indebtedness.
Friburg was ceded to Zurich by Sigismund to liquidate a debt of a thousand florins.
4.
To make clear and intelligible.
Time only can liquidate the meaning of all parts of a compound system.
5.
To make liquid. [Obsolete]
6.
To convert (assets) into cash.
7.
To kill; -- used mostly of governments or organizations killing their enemies; as, Stalin liquidated many of the Kulaks.
8.
To dissolve (an organization); to terminate (an activity).
Collocations (1)
Liquidated damages (Law) , damages the amount of which is fixed or ascertained. — Abbott