- liquidated damages
- liquidated damages
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Compensation for non-performance or loss which is cash or easily converted into cash. (Dictionary of Canadian Bankruptcy Terms)
United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
liquidated damages
Look at other dictionaries:
liquidated damages — see damage 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. liquidated damages … Law dictionary
Liquidated damages — (also referred to as liquidated and ascertained damages) are damages whose amount the parties designate during the formation of a contract for the injured party to collect as compensation upon a specific breach (e.g., late performance).When… … Wikipedia
liquidated damages — The amount payable for delays and sub standard performance under a construction, equipment supply, or Operations & Maintenance contract. Bloomberg Financial Dictionary * * * liquidated damages liquidated damages ➔ damage1 * * * liquidated damages … Financial and business terms
Liquidated damages — Liquidate Liq ui*date (l[i^]k w[i^]*d[=a]t), v. t. [imp. & p. p. {Liquidated} ( d[=a] t[e^]d); p. pr. & vb. n. {Liquidating}.] [LL. liquidatus, p. p. of liquidare to liquidate, fr. L. liquidus liquid, clear. See {Liquid}.] 1. (Law) To determine… … The Collaborative International Dictionary of English
Liquidated damages — Als liquidated damages (englisch liquidierte Schäden) wird im anglo amerikanischen und internationalen Recht ein pauschalierter Schadenersatz bezeichnet. Ein solcher wird in den meisten Verträgen im internationalen Anlagenbau anstelle einer… … Deutsch Wikipedia
Liquidated Damages — Present in certain legal contracts, this provision allows for the payment of a specified sum should one of the parties be in breach of contract. This is meant as a fair representation of losses in situations where actual damages are difficult to… … Investment dictionary
liquidated damages — An amount of money specified in a contract that a defaulting party will pay to the other if there is a breach of contract. The prearranged liquidated damages may be the amount of a deposit or a downpayment, or an agreed percentage of the total … Business law dictionary
liquidated damages — A sum stipulated and agreed upon by the parties, at the time of entering into a contract, as being payable as compensation for loss suffered in the event of a breach. 22 Am J2d Damg § 212. As to the distinction between penalties and liquidated… … Ballentine's law dictionary
liquidated damages clause — USA A contractual provision requiring a party in breach to pay a pre determined amount to the other party as compensation for the breaching party s failure to perform a specific task or comply with a particular duty or obligation. Parties… … Law dictionary
liquidated damages — noun An amount owed to a plaintiff in a lawsuit by the defendant that is determined by operation of law, such as the unpaid amount in a breach of contract. See Also: unliquidated damages … Wiktionary
