Liquidate
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1.
To sell the assets of a company (or other entity) in order to pay off debts, commonly involving the winding up of the entity.
2.
To close a market position, for example by selling an asset for cash.
3.
To turn any other asset - including the proceeds of crime - into cash.
- Frauds made easier by technology
- "The frauds in Romania and the UK were both... made easier by technology (electronic payments can be liquidated more quickly and easily than cheques)."
- The Treasurer magazine, March 2017, p39 - Lesley Meall, freelance journalist specialising in technology and finance.
4. Law - contract - remedies - damages.
Liquidated damages are an amount of damages quantified in money terms.
Unliquidated damages are damages where the amount has not been quantified.
