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Dictionary Meaning and Definition on 'Liquidated'

Liquidated Meaning and Definition from Webster's Revised Unabridged Dictionary (1913)
    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. 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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Wikipedia Meaning and Definition on 'Liquidated'

In law, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.

Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation) or voluntary (sometimes referred to as a shareholders' liquidation, although some voluntary liquidations are controlled by the creditors, see below).

[See more about Liquidated at Dictionary 3.0 Encyclopedia]

Words and phrases related to 'Liquidated'

Liquidated Sample Sentences in News

  • Employer liable for liquidated damages because of FMLA retaliation
    (7/22) The U.S. Court of Appeals for the 8th Circuit--which covers Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota—recently held that a federal district court erred by not awarding an employee liquidated damages on his FMLA retaliation claim, and it doubled his jury award. Read more on this news related to 'Liquidated'
  • Whopping P19 Million unliquidated in City
    The Commission on Audit (COA) has confirmed that several city hall officials and employees have not liquidated public funds advanced to them worth P19-million over the years. Read more on this news related to 'Liquidated'
  • Law Firm Investigating Claims Against Interactive Brokers LLC for Wrongful Portfolio Margin Liquidations -- IBKR
    PLANTATION, Fla. -- Attorney Advertising. David A. Weintraub, P.A., is investigating investors' potential claims that Interactive Brokers LLC (1) wrongfully liquidated securities positions when margin ... Read more on this news related to 'Liquidated'

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