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...]

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...]

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...]

An advertisement. Something of value placed on a list of other items offered for sale. … [Read more...]

By this term is understood the fixed amount which a party to an agreement promises to pay to the other, in case he shall not fulfill some primary or principal engagement into which he has entered by the same agreement it differs from a penalty. Vide Damages liquidated. 2. The damages will be considered as liquidated in the following cases: 1. When the damages are uncertain, and … [Read more...]