Liquidate - Definition - Law Dictionary Home Dictionary Definition liquidate

liquidate

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-dat·ed
-dat·ing
vt
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 [ a corporation] compare bankruptcy
b : to convert (as assets) into cash [ an estate]
vi
: to liquidate something (as a corporation)
liq·ui·da·tion [li-kwə-dā-shən]
n