Extinguish


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Extinguish

Retire or pay off debt.

Extinguish

To cause a security to cease to exist. This especially applies to debt securities; for example, when a bond matures, it is said to be extinguished. See also: Repay.
References in periodicals archive ?
A spokesman said: "It took quite a while to extinguish because conifers are quite difficult to put out.
With this in mind, Neill Hastie invited the UK's leading fire protection company, Tyco Fire and Integrated Solutions (TF&IS), to try to find a system that would extinguish a fully developed fire involving stacks of plastic trays.
FIGHTING FIRE Coal fires can be difficult to extinguish.
In comparison, it took seventy seconds, two hundred gallons of water and four gallons of AFFF foam concentrate--another commonly used (and biohazardous) fire-fighting agent--to extinguish the same fire.
A ministry statement said that Turkey sent two fire-fighting CL-215 planes to Israel on December 3 to join efforts to extinguish the forest fire near Haifa.
After six weeks of battling a huge oil well blowout, Iranian oil riggers have managed to extinguish a massive blaze raging at the wellhead, bragging that this was astounding speed, although American riggers said it was astoundingly slow.
BAGHDAD / Aswat al-Iraq: Civil defense teams on Tuesday were able to extinguish flames that erupted in an oil pipeline in northern Baghdad.
Amn Morrow's quick thinking, safety mindedness, and experience beyond his years led him to successfully extinguish an MJ-1B bomb lift truck fire saving the jammer and preventing the potential loss of one aircraft and a training munition.
An entity's equity instruments are part of any "consideration paid" to extinguish the financial liability;
And now that we've created a large dammed area on site, we can extinguish the material in larger quantities than we could using water-filled containers.
He added in a statement to Kuwait News Agency (KUNA) that the equipment needed to extinguish the well already reached Kuwait from the United States last Thursday, pointing out that about 50 percent of the waste burning around the well has been completed, in addition to the processing of four pools of water for cooling and extinguishing the burning well.
Hundreds of firemen and volunteers took part in the effort to extinguish the fire, working round-the-clock in a very difficult to access area.