Legal Dictionary

liquidate

Legal Definition of liquidate

Verb

  1. To determine and settle the liabilities of (an estate, firm, etc.) and apportion the assets

Related terms


Definition of liquidate

Pronunciation

Verb

liquidate (third-person singular simple present liquidates, present participle liquidating, simple past and past participle liquidated)

  1. To settle a debt by paying the outstanding amount.
  2. To settle the affairs of a company, by using its assets to pay its debts.
  3. To convert assets into cash.
  4. To do away with.

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



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