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reliquidate

 - 2 dictionary results

liq⋅ui⋅date

  [lik-wi-deyt] verb, -dat⋅ed, -dat⋅ing.
Use reliquidate in a Sentence
–verb (used with object)
1. to settle or pay (a debt): to liquidate a claim.
2. to reduce (accounts) to order; determine the amount of (indebtedness or damages).
3. to convert (inventory, securities, or other assets) into cash.
4. to get rid of, esp. by killing: to liquidate the enemies of the regime.
5. to break up or do away with: to liquidate a partnership.
–verb (used without object)
6. to liquidate debts or accounts; go into liquidation.
Origin:
1565–75; 1920–25 for def. 4; < LL liquidātus, ptp. of liquidāre to melt, make clear. See liquid, -ate 1

Synonyms:
1. discharge, clear, erase, cancel.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Legal Dictionary

Main Entry: liq·ui·date
Pronunciation: 'li-kw&-"dAt
Function: verb
Inflected Forms: -dat·ed; -dat·ing
transitive verb 1 : to determine by agreement or litigation the precise amount of; also : to settle (a debt) by payment or other adjustment
2 a : to determine the liabilities and apportion the assets of esp. in bankruptcy or dissolution <liquidate a corporation> —compare BANKRUPTCY b : to convert (as assets) into cash <liquidate an estate> intransitive verb : to liquidate something (as a corporation) —liq·ui·da·tion /"li-kw&-'dA-sh&n/ noun
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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