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L  ›  liquidate
L  ›  liquidate
1828 Definition

LIQ'UIDATE, v.t. [L. liquido.]

1. To clear from all obscurity.

Time only can liquidate the meaning of all parts of a compound system.

2. To settle; to adjust; to ascertain or reduce to precision in amount.

Which method of liquidating the amercement to a precise sum, was usually performed in the superior courts.

The clerk of the commons' house of assembly in 1774, gave certificates to the public creditors that their demands were liquidated, and should be provided for in the next tax bill.

The domestic debt may be subdivided into liquidated and unliquidated.

3. To pay; to settle, adjust and satisfy; as a debt.

Kyburgh was ceded to Zuric by Sigismond, to liquidate a debt of a thousand florins.
1913 Definition
Liquidate (liquidate)
v. t.(l***ibreve]k"w***ibreve]*d1913 webster dictionaryt)
Liq"ui*date
v. t. [imp. *** p. p. Liquidated (- d&amacr]`t1913 webster dictionaryd); p. pr. *** vb. n. Liquidating.] [LL. liquidatus, p. p. of liquidare to liquidate, fr. L. liqui
  1. 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).
    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.


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