👉 The term "liquates" is a legal term that refers to the act of liquidating property, such as assets or debts, in order to pay off creditors. This process involves selling the property for a set amount and then distributing any remaining funds to creditors. The term was coined by English law scholar Sir Thomas Browne in 1572 and has since become widely used in legal contexts.
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What is the definition of Liquated? 🙋
👉 Liqued, also known as liquidated damages or liquidated penalties, is a legal term used in contract law and other areas of law to define what should be paid out when an agreement is not fulfilled. It's essentially a financial penalty that must be paid by one party if the agreed-upon terms are not met. For example, suppose there was an agreement between two parties where one party promises to deliver goods at a certain time, but the delivery is delayed and the contract is broken.
What is the definition of Liquate? 🙋
👉 The term "liquate" is typically used in the context of finance or economics to describe a process where assets are sold, either for profit or for loss, in order to reduce their value. This can be done through various means such as selling off investments, re-selling assets, or simply by selling off assets altogether. The goal may be to increase cash flow, reduce debt, or achieve short-term gains.
