The Collaborative International Dictionary
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.]
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(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. In an extended sense: To ascertain the amount, or the several amounts, of, and apply assets toward the discharge of (an indebtedness).
--Abbott.-
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. -
To make clear and intelligible.
Time only can liquidate the meaning of all parts of a compound system.
--A. Hamilton. To make liquid. [Obs.]
To convert (assets) into cash.
To kill; -- used mostly of governments or organizations killing their enemies; as, Stalin liquidated many of the Kulaks.
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To dissolve (an organization); to terminate (an activity).
Liquidated damages (Law), damages the amount of which is fixed or ascertained.
--Abbott.
Wiktionary
vb. (present participle of liquidate English)
Usage examples of "liquidating".
The whole poetry-loathing world had the face of Dr Wapenshaw but, he felt, having soundly and legitimately bemerded that face in imagination and micturated on it also, the world was content merely to loathe, while Dr Wapenshaw had had to go further, deliberately liquidating the poet.
Ballard frantically juggled his holdings, liquidating, attempting flotations, trying to get loans.
But, honey, you're going to have to seriously consider liquidating, and you're going to have to be prepared to take a loss on some of your assets.
The idea of liquidating her possessions and creating an intriguing space in which to sell them had been a risk, but it had paid off from the first moment.
Susan knew that he had extended himself to the limit, liquidating assets to replace the money in Cord's account, and she wanted to ask him if he needed help, but an intimate knowledge of Blackstone pride kept her from making the offer.
Preston would have died rather than let her sell off any of her personal property, though she knew he'd been heavily liquidating his.
He thought he'd have at least a year, but liquidating his assets would take time, and he didn't intend to wait until the last minute to do it.
Was there any sense in liquidating anybody because he was Jewish or partly Jewish?
It had been part of Hogg's cure to attend the services of the Church of England, a means of liquidating for ever his obsession with his dead stepmother who, Dr Wapenshaw had said, was really the Catholic Church.
Although he was convinced at that time of the urgency of liquidating the Conservative regime, the plot horrified him.