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finiquitar

to settle, to wind up

verb fee-nee-kee-TAHR Rare
People & Society Work

Origin: From finiquito (final settlement), from Latin finis (end).

Also means

to close out, to terminate

Usage Note

Finiquitar primarily means to close out an account, contract, or legal matter — a company finiquita a contract when both parties sign the final settlement document (finiquito). In everyday speech it can loosely mean 'to finish something off' or 'to put an end to something'. The noun finiquito specifically refers to the severance or settlement document signed at the end of employment.

Examples

"Necesitan finiquitar el contrato antes del viernes."

Natural Translation

They need to settle the contract before Friday.

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