Part 723

Liq"uid*am`bar (lk"wd*m`br), n. [Liquid + amber.] 1. (Bot.) A genus consisting of two species of tall trees having star- shaped leaves, and woody burlike fruit. Liquidambar styraciflua is the North American sweet qum, and L. Orientalis is found in Asia Minor.

2. The balsamic juice which is obtained from these trees by incision. The liquid balsam of the Oriental tree is liquid storax.

Liq"uid*am`ber, n. See Liquidambar.

Liq"ui*date (lk"w*dt), v. t. [imp. & p. p. Liquidated (- d`td); 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 agreement or by litigation the precise amount of (indebtedness); or, where there is an indebtedness to more than one person, to determine the precise amount of (each indebtedness); to make the amount of (an indebtedness) clear and certain.

A debt or demand is liquidated whenever the amount due is agreed on by the parties, or fixed by the operation of law.

15 Ga. Rep. 321.

If our epistolary accounts were fairly liquidated, I believe you would be brought in considerable debtor.

Chesterfield.

2. In an extended sense: To ascertain the amount, or the several amounts, of , and apply assets toward the discharge of (an indebtedness). Abbott.

3. To discharge; to pay off, as an indebtedness.

Friburg was ceded to Zurich by Sigismund to liquidate a debt of a thousand florins.

W. Coxe.

4. To make clear and intelligible.

Time only can liquidate the meaning of all parts of a compound system.

A. Hamilton.

5. To make liquid. [Obs.]

Liquidated damages (Law), damages the amount of which is fixed or ascertained. Abbott.

Liq`ui*da"tion (lk`w*d"shn), n. [Cf. F. liquidation.] The act or process of liquidating; the state of being liquidated.

To go into liquidation (Law), to turn over to a trustee one's assets and accounts, in order that the several amounts of one's indebtedness may be authoritatively ascertained, and that the assets may be applied toward their discharge.

Liq"ui*da`tor (lk"w*d`tr), n. [Cf. F. liquidateur.]

1. One who, or that which, liquidates.

2. An officer appointed to conduct the winding up of a company, to bring and defend actions and suits in its name, and to do all necessary acts on behalf of the company. [Eng.] Mozley & W.

Li*quid"i*ty (l*kwd"*t), n. [L. liquiditas, fr. liquidus liquid: cf. F. liquidité.] The state or quality of being liquid.

Liq"uid*ize (lk"wd*z), v. t. [imp. & p. p. Liquidized (- zd); p. pr. & vb. n. Liquidizing (- `zng).] To render liquid.

Liq"uid*ly, adv. In a liquid manner; flowingly.

Liq"uid*ness, n. The quality or state of being liquid; liquidity; fluency.

Liq"uor (lk"r), n. [OE. licour, licur, OF. licur, F. liqueur, fr. L. liquor, fr. liquere to be liquid. See Liquid, and cf. Liqueur.] 1. Any liquid substance, as water, milk, blood, sap, juice, or the like.

2. Specifically, alcoholic or spirituous fluid, either distilled or fermented, as brandy, wine, whisky, beer, etc.