The Law Dictionary

LIQUID ASSETS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Property that can be quickly and easily converted into cash such as bonds and assets in a bank that is convertible into cash. … [Read more...]

LIQUIDATE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

To convert property into cash. To sell assets or to sell off assets so as to terminate a business entity or venture. To adjust or settle an indebtedness; to determine an amount to be paid; to clear up an account and ascertain the balance; to fix the amount required to satisfy a judgment. To clear away; to lessen; to pay. "To liquidate a balance means to pay it." … [Read more...]

LISTERS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

This word is used in some of the states to designate the persons appointed to make lists of taxables. See Rev. St. Vt 538. … [Read more...]

LIQUIDATED

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Ascertained; determined; fixed; settled; made clear or manifest. Cleared away; paid; discharged. Liquidated account. An account whereof the amount is certain and fixed, either by the act and agreement of the parties or by operation of law; a sum which cannot be changed by the proof; it is so much or nothing; but the term does not necessarily refer to a writing. Nisbet v. … [Read more...]

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