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Definition of liquidate:

  1. In an extended sense: To ascertain the amount, or the several amounts, of , and apply assets toward the discharge of ( an indebtedness).
  2. To determine by agreement or by litigation the precise amount of ( indebtedness); or, where there is an indebtedness to more than one person, to determine the precise amount of ( each indebtedness); to make the amount of ( an indebtedness) clear and certain.
  3. To discharge; to pay off, as an indebtedness.
  4. To make clear and intelligible.
  5. To make liquid.


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