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 ?
Kyrgyzstan was extinguishing wildfire on its territory.
CDA told the court that funds will be provided to them in the third week of July to purchase fire extinguishing equipments.
Lam-Adesina, who began the official distribution of the fire extinguishing balls at the Araromi Spare Parts Market, on Saturday, said he embarked on the distribution of the self-activating fire-fighting devices because he was always saddened by news of fire outbreaks at markets, which often lead to loss of goods worth millions of naira.
These pressurized metal containers filled with extinguishing agents have some drawbacks too;
Professional fire extinguishers also use water "MIST" or converting water into "FOG" for extinguishing fire by cooling the fuel to a temperature that is below the ignition temp.
Rosenbauer's fire extinguishing systems for immediate deployment will be placed at pull-off bays and in firefighting stations as well as along the entire length of the tunnel in recesses with a depth of just 60 cm (23.6 inches).
SIEMENS has developed the Sinorix Silent Extinguishing Technology to prevent possible damage to hard disk drives caused by high noise levels while extinguishing fires with gas extinguishing systems.
He added in a statement to Kuwait News Agency (KUNA) that the equipment needed to extinguish the well already reached Kuwait from the United States last Thursday, pointing out that about 50 percent of the waste burning around the well has been completed, in addition to the processing of four pools of water for cooling and extinguishing the burning well.
On Tuesday, volunteer Krum Filyovski wrote on Facebook that there were striking irregularities in the organization of the fire extinguishing operation.
Firefighting and Civil Defense units arrived at the scene immediately and worked on extinguishing the flames, preventing the fire from spreading to 40 cars that were parked nearby.
In a written statement issued Friday, the Turkish Ministry of Environment and Forestry said that the two CL-215 type airplanes were sent upon a directive from Turkish Prime Minister Recep Tayyip Erdogan to assist in extinguishing the fire at Israeli city of Haifa.