extinguish indebtedness
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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
amortization — / amortazeyshsn/ In accounting, the allocation (and charge to expense) of the cost or other basis of an intangible asset over its estimated useful life. Intangible assets which have an indefinite life (e.g., goodwill) are not amortizable.… … Black's law dictionary
amortization — / amortazeyshsn/ In accounting, the allocation (and charge to expense) of the cost or other basis of an intangible asset over its estimated useful life. Intangible assets which have an indefinite life (e.g., goodwill) are not amortizable.… … Black's law dictionary
liquidate — To pay and settle. To convert assets to cash. Farmers State Bank & Trust Co. v. Brady, 137 Tex. 39, 152 S.W.2d 729, 732; Fleckner v. Bank of U. S., 21 U.S. (8 Wheat.) 338, 362, 5 L.Ed. 631. To adjust or settle a debt. Belden v. Modern Finance Co … Black's law dictionary
liquidate — To pay and settle. To convert assets to cash. Farmers State Bank & Trust Co. v. Brady, 137 Tex. 39, 152 S.W.2d 729, 732; Fleckner v. Bank of U. S., 21 U.S. (8 Wheat.) 338, 362, 5 L.Ed. 631. To adjust or settle a debt. Belden v. Modern Finance Co … Black's law dictionary
MEḤILAH — (Heb. מְחִילָה; waiver ), the renunciation, repudiation, abandonment, or surrender of some claim, right, or privilege. Meḥilah may be the waiver of a present right or lien or the waiver of the right to a future increment; in the latter case, it… … Encyclopedia of Judaism
Australia — /aw strayl yeuh/, n. 1. a continent SE of Asia, between the Indian and the Pacific oceans. 18,438,824; 2,948,366 sq. mi. (7,636,270 sq. km). 2. Commonwealth of, a member of the Commonwealth of Nations, consisting of the federated states and… … Universalium
LIEN — (Heb. שִׁעְבּוּד נְכָסִים, Shibud Nekhasim). The Concept Jewish law enables the creditor to exercise a lien over all the debtor s property, in addition to his remedies against the debtor personally. This lien automatically comes into existence on … Encyclopedia of Judaism
France — /frans, frahns/; Fr. /frddahonns/, n. 1. Anatole /ann nann tawl /, (Jacques Anatole Thibault), 1844 1924, French novelist and essayist: Nobel prize 1921. 2. a republic in W Europe. 58,470,421; 212,736 sq. mi. (550,985 sq. km). Cap.: Paris. 3.… … Universalium
sinking fund — a fund to extinguish an indebtedness, usually a bond issue. [1715 25] * * * Fund set aside by a corporation or government agency for the purpose of periodically redeeming bonds, debentures, and preferred stocks. The fund is accumulated from… … Universalium
