Liquidated Damages

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 ascertain. These liquidated damages are meant to be fair rather than punitive.

Investment dictionary. . 2012.

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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 — 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 — 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 —    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

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