[liq.ui.date] vb -dat.ed ; -dat.ing [LL liquidatus, pp. of liquidare to melt, fr. L liquidus] vt (ca. 1575) 1 a (1): to determine by agreement or by litigation the precise amount of (indebtedness, damages, or accounts) (2): to determine the liabilities and apportion assets toward discharging the indebtedness of b: to settle (a debt) by payment or other settlement
2. archaic: to make clear
3: to do away with
4: to convert (assets) into cash ~ vi 1: to liquidate debts, damages, or accounts
2: to determine liabilities and apportion assets toward discharging indebtedness -- liq.ui.da.tion n