Part 6569

<note>&hand; <i>Liquid</i> and <i>fluid</i> are terms often used synonymously, but <i>fluid</i> has the broader signification. All liquids are fluids, but many fluids, as air and the gases, are not liquids.</note>

<p><b>2.</b> <fld>(Phon.)</fld> <def>A letter which has a smooth, flowing sound, or which flows smoothly after a mute; <as>as, <ex>l</ex> and <ex>r</ex>, in <ex>bla</ex>, <ex>bra</ex></as>. <i>M</i> and <i>n</i> also are called <i>liquids</i>.</def>

<cs><col>Liquid measure</col>, <cd>a measure, or system of measuring, for liquids, by the gallon, quart, pint, gill, etc.</cd></cs>

<h1>Liquidambar</h1> <Xpage=858>

<hw>Liq"uid*am`bar</hw> <tt>(?)</tt>, <tt>n.</tt> <ety>[<ets>Liquid</ets> + <ets>amber</ets>.]</ety> <p><b>1.</b> <fld>(Bot.)</fld> <def>A genus consisting of two species of tall trees having star-shaped leaves, and woody burlike fruit. <spn>Liquidambar styraciflua</spn> is the North American <i>sweet qum</i>, and <spn>L. Orientalis</spn> is found in Asia Minor.</def>

<p><b>2.</b> <def>The balsamic juice which is obtained from these trees by incision. The liquid balsam of the Oriental tree is <i>liquid storax</i>.</def>

<h1>Liquidamber</h1> <Xpage=858>

<hw>Liq"uid*am`ber</hw>, <tt>n.</tt> <def>See <er>Liquidambar</er>.</def>

<h1>Liquidate</h1> <Xpage=858>

<hw>Liq"ui*date</hw> <tt>(?)</tt>, <tt>v. t.</tt> <wordforms>[<tt>imp. & p. p.</tt> <er>Liquidated</er> <tt>(?)</tt>; <tt>p. pr. & vb. n.</tt> <er>Liquidating</er>.]</wordforms> <ety>[LL. <ets>liquidatus</ets>, p. p. of <ets>liquidate</ets> to liquidate, fr. L. <ets>liquidus</ets> liquid, clear. See <er>Liquid</er>.]</ety> <p><b>1.</b> <fld>(Law)</fld> <def>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.</def>

<blockquote>A debt or demand is <b>liquidated</b> whenever the amount due is agreed on by the parties, or fixed by the operation of law. <i>15 Ga. Rep. 821.</i></blockquote>

<blockquote>If our epistolary accounts were fairly <b>liquidated</b>, I believe you would be brought in considerable debtor. <i>Chesterfield.</i></blockquote>

<p><b>2.</b> <def>In an extended sense: To ascertain the amount, or the several amounts, of , and apply assets toward the discharge of (an indebtedness).</def>

<i>Abbott.</i>

<p><b>3.</b> <def>To discharge; to pay off, as an indebtedness.</def>

<blockquote>Friburg was ceded to Zurich by Sigismund to <b>liquidate</b> a debt of a thousand florins. <i>W. Coxe.</i></blockquote>

<p><b>4.</b> <def>To make clear and intelligible.</def>

<blockquote>Time only can <b>liquidate</b> the meaning of all parts of a compound system. <i>A. Hamilton.</i></blockquote>

<p><b>5.</b> <def>To make liquid.</def> <mark>[Obs.]</mark>

<cs><col>Liquidated damages</col> <fld>(Law)</fld>, <cd>damages the amount of which is fixed or ascertained.</cd></cs>

<i>Abbott.</i>

<h1>Liquidation</h1> <Xpage=858>

<hw>Liq`ui*da"tion</hw> <tt>(?)</tt>, <tt>n.</tt> <ety>[Cf. F. <ets>liquidation</ets>.]</ety> <def>The act or process of liquidating; the state of being liquidated.</def>

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

<h1>Liquidator</h1> <Xpage=858>

<hw>Liq"ui*da`tor</hw> <tt>(?)</tt>, <tt>n.</tt> <ety>[Cf. F. <ets>liquidateur</ets>.]</ety> <p><b>1.</b> <def>One who, or that which, liquidates.</def>

<p><b>2.</b> <def>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.</def> <mark>[Eng.]</mark>

<i>Mozley & W. </i>