Appearance
Use device theme  
Dark theme
Light theme

What are liquidated damages?

What are liquidated damages? Here are some definitions.

Noun
  1. (law) 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.
Find more words!
Use * for blank tiles (max 2) Advanced Search Advanced Search
Use * for blank spaces Advanced Search
Advanced Word Finder
Examples
Any amount of liquidated damages shall be proportionate to the overstated expenditure and unjustified portion of the Community contribution.
Simultaneous substitution is, if you will, liquidated damages.
No penalties or liquidated damages imposed for late payment of duties, with only interest accruing.
If the delay is the contractor's fault, the client may be entitled to claim liquidated damages from the contractor.
We had to terminate them both, fix their mistakes and finish on time to avoid serious liquidated damages.
However, in none of these contracts the requirement for liquidated damages was enforced.

See Also

Nearby Definitions
Find Definitions
go
Word Tools Finders & Helpers Apps More Synonyms
Copyright WordHippo © 2024