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What does extinguishment mean?

Looking for the meaning or definition of the word extinguishment? Here's what it means.

Noun
  1. The act of extinguishing, putting out, or quenching, or the state of being extinguished.
  2. (law) The annihilation or extinction of a right or obligation.
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Examples
The sum left, after paying the interest of it for the year, is annually applicable to the extinguishment of the principal.
If emancipation was the sole object, the extinguishment of slavery would be easy, cheap, and complete.
The systematic prevention and extinguishment of fires are everywhere assumed to be proper work for the community at large.
Never in my days did I behold such feeble endeavours in the way of extinguishment.
As a result, fire suppression and extinguishment efforts at CVS Pharmacy were impeded and delayed.
Therefore, the repayment of the previous credit facility was accounted as an extinguishment of the credit facility.

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