- liquidated
- Paid. Wound up, as in reference to the affairs of a business. Determined as to amount, as in reference to a debt.
Ballentine's law dictionary. Anderson, W.S.. 1998.
liquidated
Look at other dictionaries:
liquidated — A debt that is for a known number of dollars is liquidated. An unliquidated debt is one where the debtor has liability, but the exact monetary measure of that liability is unknown. Tort claims are usually unliquidated until a trial fixes the… … Glossary of Bankruptcy
liquidated — liq·ui·dat·ed adj 1: settled or determined by liquidating see also liquidated damages at damage 2 2: capable of being readily fixed, calculated, or ascertained as a sum esp. without dispute or reliance on opinion or discretion … Law dictionary
liquidated — Ascertained; determined; fixed; settled; made clear or manifest. Cleared away; paid; discharged. Adjusted, certain, or settled. Murchison v. Levy Plumbing Co., Tex.Civ.App., 73 S.W.2d 967, 968. Declared by the parties as to amount, U. S. v.… … Black's law dictionary
liquidated — Ascertained; determined; fixed; settled; made clear or manifest. Cleared away; paid; discharged. Adjusted, certain, or settled. Murchison v. Levy Plumbing Co., Tex.Civ.App., 73 S.W.2d 967, 968. Declared by the parties as to amount, U. S. v.… … Black's law dictionary
Liquidated — Liquidate Liq ui*date (l[i^]k w[i^]*d[=a]t), v. t. [imp. & p. p. {Liquidated} ( d[=a] t[e^]d); p. pr. & vb. n. {Liquidating}.] [LL. liquidatus, p. p. of liquidare to liquidate, fr. L. liquidus liquid, clear. See {Liquid}.] 1. (Law) To determine… … The Collaborative International Dictionary of English
liquidated — adj. bankrupt; closed (of a business); paid off; converted into cash; destroyed; changed into a liquid liq·ui·date || lɪkwɪdeɪt v. pay off a debt; determine and discharge the financial obligations of a business in preparation for closure; be … English contemporary dictionary
liquidated — un·liquidated; … English syllables
liquidated damages — see damage 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. liquidated damages … Law dictionary
Liquidated damages — (also referred to as liquidated and ascertained damages) are damages whose amount the parties designate during the formation of a contract for the injured party to collect as compensation upon a specific breach (e.g., late performance).When… … Wikipedia
liquidated damages clause — USA A contractual provision requiring a party in breach to pay a pre determined amount to the other party as compensation for the breaching party s failure to perform a specific task or comply with a particular duty or obligation. Parties… … Law dictionary
liquidated claim — USA A claim for a fixed amount of money. Such amount is either previously agreed to by the parties or can be precisely determined by mathematical calculation, reference to the parties agreement or by operation of law. Practical Law Dictionary.… … Law dictionary
