liquidated

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“
Anyone who files for such relief must detail all financial affairs so that the holdings can be liquidated, the creditors satisfied as best as possible and the debtor discharged from debts.

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Definitions (19)

Toggle American Heritage definitions American Heritage Dictionary (7)

  1. transitive verb To pay off (a debt, a claim, or an obligation); settle.
  2. transitive verb To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge.
  3. transitive verb To convert (assets) into cash.
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Toggle Century definitions Century Dictionary (7)

Toggle GNU Webster definitions GNU Webster's 1913 (1)

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Examples (45)

  • In the event that the factory closes or is liquidated, they will not leave.
  • The debts of this third class, that is, the liquidated debt, is the object of your inquiry. —  Memoir, Correspondence, And Miscellanies
  • These were liquidated, and the amount acknowledged to be due from the United States. —  Life And Times Of Washington, Volume 2
  • My biggest mistake was not having the taxes taken out when I liquidated, and that cost me a large amount. —  IdahoStatesman.com News Updates
  • If the warehouse facility is not renewed or otherwise defaults and the related assets are liquidated, the primary impact for the Group would be the loss of future income streams from excess spread, being the difference between the Group's mortgage rate and the cost of funds and fee income. —  WA Business News - Latest News
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