To clear from all obscurity. Time only can liquidate the meaning of all parts of a compound system.

To settle; to adjust; to ascertain or reduce to precision in amount. Which method of liquidating the amercement to a precise sum, was usually performed in the superior courts. The clerk of the commons’ house of assembly in 1774, gave certificates to the public creditors that their demands were liquidated, and should be provided for in the next tax bill. The domestic debt may be subdivided into liquidated and unliquidated.

To pay; to settle, adjust and satisfy; as a debt. Kyburgh was ceded to Zuric by Sigismond, to liquidate a debt of a thousand florins.