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English definition of “extinguish”

extinguish

verb [T]     /ɪkˈstɪŋɡwɪʃ/
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.
(Definition of extinguish verb from the Cambridge Business English Dictionary © Cambridge University Press)
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