Retire or pay off debt. The New York Times Financial Glossary

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extinguish ex‧tin‧guish [ɪkˈstɪŋgwɪʆ] verb [transitive]
1. LAW to remove someone's permission or right to do something:

• Any settlement extinguishes the plaintiff's title to that interest in the goods.

• The contract would be valid only where such rights had not been extinguished by the government.

2. FINANCE LAW to agree that a debt does not have to be paid:

• Death does not automatically extinguish debts on bank accounts.

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extinguish UK US /ɪkˈstɪŋgwɪʃ/ verb [T]
LAW to take something away, for example a right to do something: »

A deed restriction extinguishes the right to use or develop a property for certain things.

FINANCE to decide that a debt does not have to be paid: »

With interest the debt doubled and was not finally extinguished until years later.

Financial and business terms. 2012.


Look at other dictionaries:

  • extinguish — ex·tin·guish vt 1: to cause the nonexistence of: do away with 2: to cause (as a claim or right) to be void: nullify 3: to get rid of (a debt or other liability) by payment or other compensatory adjustment ex·tin·guish·able adj …   Law dictionary

  • Extinguish — Ex*tin guish ([e^]ks*t[i^][ng] gw[i^]sh), v. t. [imp. & p. p. {Extinguished}([e^]ks*t[i^][ng] gw[i^]sht); p pr. & vb. n. {Extinguishing}.] [L. extinguere, exstinguere; ex out + stinguere to quench. See {Distinguish}, {Finish}.] 1. To quench; to… …   The Collaborative International Dictionary of English

  • extinguish — [v1] put out a fire blot out, blow out, choke, douse, drown, out, quench, smother, snuff out, stamp out, stifle, suffocate, trample; concept 256 Ant. light extinguish [v2] kill; quash abate, abolish, annihilate, blot out*, check, crush, destroy,… …   New thesaurus

  • extinguish — [ek stiŋ′gwish, ikstiŋ′gwish] vt. [L extinguere, exstinguere, to quench, destroy < ex , out + stinguere, to extinguish (for IE base see STICK) + ISH] 1. to put out (a fire, etc.); quench; smother 2. to put an end to; destroy or cause to die… …   English World dictionary

  • extinguish — (v.) c.1500 (implied in extinguishable), from L. extinguere/exstinguere quench, wipe out, obliterate, from ex out (see EX (Cf. ex )) + stinguere quench, from PIE *steig to prick, stick, pierce. Related: Extinguished; extinguishing …   Etymology dictionary

  • extinguish — 1 *crush, quell, suppress, quench, quash Analogous words: obliterate, expunge, efface, delete (see ERASE): *destroy: *ruin, wreck Antonyms: inflame 2 *abolish, annihilate, abate …   New Dictionary of Synonyms

  • extinguish — ► VERB 1) put out (a fire or light). 2) put an end to. 3) cancel (a debt) by full payment. 4) Law render (a right or obligation) void. DERIVATIVES extinguishable adjective extinguisher noun extinguishment noun …   English terms dictionary

  • extinguish — transitive verb Etymology: Latin exstinguere (from ex + stinguere to extinguish) + English ish (as in abolish); akin to Latin instigare to incite more at stick Date: circa 1540 1. a. (1) to bring to an end ; make an end of < hope for their safety …   New Collegiate Dictionary

  • extinguish — retire or pay off debt. Bloomberg Financial Dictionary * * * extinguish ex‧tin‧guish [ɪkˈstɪŋgwɪʆ] verb [transitive] 1. LAW to remove someone s permission or right to do something: • Any settlement extinguishes the plaintiff s title to that… …   Financial and business terms

  • extinguish — ex|tin|guish [ıkˈstıŋgwıʃ] v [T] formal [Date: 1500 1600; : Latin; Origin: exstinguere, from stinguere to extinguish ] 1.) to make a fire or light stop burning or shining = ↑put out ▪ Please extinguish all cigarettes. ▪ Firemen were called to… …   Dictionary of contemporary English

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