Extinguish

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Extinguish

Retire or pay off debt.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Yet Maori sovereignty expresses the 'fact' of a different experience of place, understood in terms of a different body of law, or knowledge, which after Barry Barclay I call first law or prior law (7)--an antecedent authority that is not in essence extinguishable (not extinguishable, for instance, within the terms of an understanding of things Maori set by settler legal doctrine).
The state's ownership of sovereignty lands is not extinguishable by legal or equitable estoppel nor by operation of the Marketable Record Title Act.
In fact, though debts due to borrowing seem empirically extinguishable, kerekere plumbs mythical depths of eternal indebtedness rather than calculable economic deficits.
The firefighter also determines whether the fire is extinguishable or easily confinable.
Bandura observes significantly that the "strength of conviction" in one's self-efficacy will affect one's willingness to see a task or goal to completion and even whether one will make an effort: "Weak expectations are easily extinguishable by disconfirming experiences, whereas individuals who possess strong expectations of mastery will persevere in their coping efforts despite disconfirming experiences" (Bandura, 1977).