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 ?
International Resource News-7 July 2010-Iran extinguishes fire at Kermanshah oil well(C)2010 ENPublishing - http://www.
Features include: a self-extinguishing gas capsule with automatic recovery that extinguishes under any coaxial line condition, can be employed for any of the company's gas capsule protectors by exchanging gas capsule, and its field replacement allows cost-effective system upgrades.
When the system senses a fire, whether or not the dryer is running, it quickly extinguishes the fire with minimal cleanup and little to no damage to the equipment or surrounding area.