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Liquidated

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

Ascertained; determined ; fixed; settled; made clear or manifest. Cleared away; paid; discharged.

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; a sum which cannot be changed by the proof; it is so much or nothing; but the termdoes not necessarily refer to a writing. Nisbet v. Lawson, 1 Ga. 287.

Liquidated damages. See Damages.

Liquidated debt. A debt is liquidated when it is certain what is due and how much is due. Roberts v. Prior, 20 Ga. 562.

Liquidated demand. A demand la a liquidated one if the amount of it has been ascertained—settled—by the agreement of the parties to it, or otherwise. Mitchell v. Addison. 20 Ga. 53.