UNLIQUIDATED Meaning and
Definition
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Unliquidated is an adjective used to describe a financial obligation or debt that has not yet been determined, settled, or paid off. It refers to an uncertain or unresolved amount that is still due or owed. This term is commonly used in accounting and legal contexts.
In accounting, unliquidated refers to an expense or liability that has not yet been quantified or finalized. It implies that the exact amount owed or the final settlement of the financial obligation has not been determined. This is often the case when there are ongoing negotiations, disputes, or contingencies related to the debt or liability. Until a definite resolution is reached, the amount remains unliquidated.
In legal contexts, unliquidated is typically used to describe damages or claims that have not been ascertained or determined. It indicates that the compensation or settlement amount has not been fixed or agreed upon. This term is frequently employed in lawsuits, insurance claims, and other legal matters. An unliquidated claim requires further evaluation, assessment, or court judgment to establish the exact amount of damages owed.
Overall, unliquidated signifies an unresolved financial obligation where the final amount or settlement has yet to be determined, making it uncertain or unascertained.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for UNLIQUIDATED
Etymology of UNLIQUIDATED
The word "unliquidated" is derived from the Latin word "liquidare", which means "to make clear or liable to pay". The prefix "un-" is added to indicate negation or absence. Therefore, "unliquidated" signifies something that has not been made clear or settled, usually referring to financial obligations or debts that are yet to be resolved.
