Liquidate
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
To adjust or settle an indebtedness; to determine an amount to be paid; to clear up an account and ascertain the balance; to fix the amount required to satisfy a judgment.
Midgett v. Watson, 29 N. C. 145 ; Martin v. Kirk, 2 Humph. (Tenn.) 531.
To clear away; to lessen; in pay. "To liquidate a balance means to pay it" Fleck-ner v. Bank of U. S., 8 Wheat. 338, 362, 5 L. Ed. 631.