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Meaning Of Liquidate
v. t.
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.
v. t.
In an extended sense: To ascertain the amount, or the
several amounts, of , and apply assets toward the discharge of (an
indebtedness).