Extinguish

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Related to extinguished: expedite, inevitability

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 ?
According to SOCAR s version the fire began at 11.05 am (11.06 am is version of the MES) and was extinguished at 12.50 pm (1.14 pm).
* 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.
A 28-year-old man who lives at the house with his 27-year-old partner and two children had extinguished the tea light, which had been on top of the TV.
Two different watermist systems were tested; both suppressed the fire, but neither actually extinguished it.
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. Water jets will remain on for two minutes and will automatically reactivate should the fire reignite.
If fire-fighters arrive before a coal fire spreads across about 1 hectare--an area about 2.5 times the size of a football field--then the blaze can typically be extinguished for less than $500,000, he estimates.
In an example cited by Longview, Texas-based Summit Environmental Corporation, Inc., 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.