liquidated


liquidated
Ascertained; determined; fixed; settled; made clear or manifest. Cleared away; paid; discharged. Adjusted, certain, or settled. Murchison v. Levy Plumbing Co., Tex.Civ.App., 73 S.W.2d 967, 968.
Declared by the parties as to amount, U. S. v. Skinner & Eddy Corporation, D.C.Wash., 28 F.2d 373, 386;
made certain as to what and how much is due, Electrical Products Corporation of Oregon v. Ziegler Drug Stores, 157 Or. 267, 71 P.2d 583, 584.
Made certain or fixed by agreement of parties or by operation of law, Miller v. Prince Street Elevator Co., 41 N.M. 330, 68 P.2d 663, 666.
Settled, paid, discharged. Trenton Banking Co. v. Kennedy, 17 N.J.Misc. 222, 8 A.2d 232, 234.
See also liquidate
@ liquidated account
An account whereof the amount is certain and fixed, either by the act and agreement of the parties or by operation of law. Gasper v. Mayer, 171 Okl. 457, 43 P.2d 467, 471; Williamson v. City of Eastland, Tex.Civ.App., 65 S.W.2d 774, 775
@ liquidated claim
Claim, amount of which has been agreed on by parties to action or is fixed by operation of law. Tapp v. Tapp's Trustee, 299 Ky. 345, 185 S.W.2d 534, 535; United States Fidelity & Guaranty Co. v. American Bldg. Maintenance Co. of Los Angeles, 7 Cal. App.2d 683, 46 P.2d 984, 988.
A claim which can be determined with exactness from parties' agreement or by arithmetical process or application of definite rules of law, without reliance on opinion or discretion. Lester N. Johnson Co., Inc. v. City of Spokane, 22 Wash.App. 265, 588 P.2d 1214, 1221.
Claim for debt or damages is "liquidated" in character if amount thereof is fixed, has been agreed upon, or is capable of ascertainment by mathematical computation or operation of law. Robinson v. Loyola Foundation, Inc., Fla.App., 236 So.2d 154, 157
@ liquidated damages
@ liquidated debt
A debt is liquidated when it is certain what is due and how much is due. That which has been made certain as to amount due by agreement of parties or by operation of law. Gasper v. Mayer, 171 Okl. 457, 43 P.2d 467, 471
@ liquidated demand
A demand the amount of which has been ascertained or settled by agreement of the parties, or otherwise. Williamson v. City of Eastland, Tex.Civ.App., 65 S.W.2d 774, 775.
Amount claimed is a "liquidated demand" if it is susceptible of being made certain in amount by mathematical calculations from factors which are or ought to be in possession or knowledge of party to be charged. Rifkin v. Safenovitz, 131 Conn. 411, 40 A.2d 188, 189
@

Black's law dictionary. . 1990.

Look at other dictionaries:

  • liquidated — A debt that is for a known number of dollars is liquidated. An unliquidated debt is one where the debtor has liability, but the exact monetary measure of that liability is unknown. Tort claims are usually unliquidated until a trial fixes the… …   Glossary of Bankruptcy

  • liquidated — liq·ui·dat·ed adj 1: settled or determined by liquidating see also liquidated damages at damage 2 2: capable of being readily fixed, calculated, or ascertained as a sum esp. without dispute or reliance on opinion or discretion …   Law dictionary

  • liquidated — Ascertained; determined; fixed; settled; made clear or manifest. Cleared away; paid; discharged. Adjusted, certain, or settled. Murchison v. Levy Plumbing Co., Tex.Civ.App., 73 S.W.2d 967, 968. Declared by the parties as to amount, U. S. v.… …   Black's law dictionary

  • Liquidated — 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

  • liquidated — adj. bankrupt; closed (of a business); paid off; converted into cash; destroyed; changed into a liquid liq·ui·date || lɪkwɪdeɪt v. pay off a debt; determine and discharge the financial obligations of a business in preparation for closure; be …   English contemporary dictionary

  • liquidated — un·liquidated; …   English syllables

  • liquidated — adjective Set; ascertained; made certain by operation of law …   Wiktionary

  • liquidated — Synonyms and related words: acquitted, banned, barred, debarred, deported, discharged, ejected, excluded, exiled, expelled, expended, hired, left out, not in it, not included, paid, paid in full, postpaid, precluded, prepaid, prohibited, purged,… …   Moby Thesaurus

  • liquidated — Paid. Wound up, as in reference to the affairs of a business. Determined as to amount, as in reference to a debt …   Ballentine's law dictionary

  • liquidated damages — see damage 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. liquidated damages …   Law dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.