DICT.TW Dictionary Taiwan

 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.
 ◄ ►