Liquidated Debt

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Liquidated Debt

1. Debt that has been forgiven, either by the creditor or by a bankruptcy court.

2. In bankruptcy, debt that neither the creditor nor the debtor disputes is a real debt that ordinarily would be owed to the creditor.
References in periodicals archive ?
The District Court concluded that the arbitration award constituted a "liquidated debt" and confirmation of it was time barred under the six-year statute of limitations applicable to suits to recover liquidated debts.
The court held, inter alia, that a confirmation motion is not a civil action to recover a liquidated debt.