liquidate damages


liquidate damages

Collins dictionary of law. . 2001.

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  • liquidate — liq·ui·date / li kwə ˌdāt/ vb dat·ed, dat·ing vt 1: to determine by agreement or litigation the precise amount of; also: to settle (a debt) by payment or other adjustment 2 a: to determine the liabilities and apportion the assets of esp. in… …   Law dictionary

  • 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 by… …   The Collaborative International Dictionary of English

  • liquidate — [lik′wi dāt΄] vt. liquidated, liquidating [< ML liquidatus, pp. of liquidare, to make liquid or clear < L liquidus, LIQUID] 1. to settle by agreement or legal process the amount of (indebtedness, damages, etc.) 2. to settle the accounts of… …   English World dictionary

  • liquidate — /lik wi dayt /, v., liquidated, liquidating. v.t. 1. to settle or pay (a debt): to liquidate a claim. 2. to reduce (accounts) to order; determine the amount of (indebtedness or damages). 3. to convert (inventory, securities, or other assets) into …   Universalium

  • liquidate — liq•ui•date [[t]ˈlɪk wɪˌdeɪt[/t]] v. dat•ed, dat•ing 1) bus to settle or pay (a debt): to liquidate a claim[/ex] 2) bus to reduce (accounts) to order; determine the amount of (indebtedness or damages) 3) bus to dissolve (a business or estate) by… …   From formal English to slang

  • liquidate — verb ( dated; dating) Etymology: Late Latin liquidatus, past participle of liquidare to melt, from Latin liquidus Date: circa 1575 transitive verb 1. a. (1) to determine by agreement or by litigation the precise amount of (indebtedness, damages,… …   New Collegiate Dictionary

  • liquidate — [c]/ˈlɪkwədeɪt / (say likwuhdayt) verb (liquidated, liquidating) –verb (t) 1. to settle or pay (a debt, etc.): to liquidate a claim. 2. to reduce (accounts) to order; determine the amount of (indebtedness or damages). 3. to convert into cash. 4.… …   Australian English dictionary

  • Liquidated damages — 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

  • penalty clauses — clauses that impose a liability more extensive than general damages. They are contrary to public policy and accordingly unenforceable. However, the courts will allow parties to agree the amount of damages in advance by way of what is called a… …   Law dictionary

  • liquid — liq·uid adj 1 a: consisting of cash or capable of ready conversion into cash liquid assets b: capable of covering current liabilities out of current assets esp. in a rapid manner a liquid insurer 2: of or relating to a security or commodity with… …   Law dictionary