Extinguish

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Related to extinguished: expedite, inevitability

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 ?
Any difference between the carrying amount of the financial liability extinguished and the initial measurement amount of these equity instruments is included in the entity's profit or loss for the period.
Even when a bakery is open and manned it is extremely difficult to tackle such fires: once alight, plastic trays become molten liquid which cannot be extinguished with water.
It chronicles the bravery of firefighters from Baltimore, Pennsylvania, Washington, DC and New York City who rushed to the blaze, sometimes in frigid, unheated railroad cars, and whose heroic efforts finally extinguished the fire, miraculously without the loss of life.
The court noted, however, that the Service's liens are not extinguished or otherwise affected, and continue to exist outside of bankruptcy.
The tumbler will continue to rotate every 15 seconds to ensure that all articles have been extinguished.
The fire, located under terminal 2D, is said to have begun at about 2030 local time, and was extinguished by about 150 firefighters after it destroyed some 15 vehicles and damaged numerous others.
5 times the size of a football field--then the blaze can typically be extinguished for less than $500,000, he estimates.
FlamOut's manufacturer, four ounces of FlameOut suspended in twelve gallons of water extinguished a burning car in just twenty-one seconds.
Letto held a special service in the undamaged church hall just hours after the flames were extinguished and preach from an altar rescued from the blaze.
76 defines when a liability is considered extinguished for accounting purposes and does not provide for extinguishment when the debt issuer has made a unilateral commitment to extinguish it in a subsequent period.
The New Jersey court specifically stated, however, that the law was unsettled as to whether the New Jersey statute merely "closed the doors" of the New Jersey courts to such unlicensed brokers, or whether the statute effectively extinguished the broker's claim altogether, thereby preventing the broker from commencing an action in any other jurisdiction.