Liquidated damages

Liquidated Damages
Liquidated damages are a payment agreed to by the parties of a contract to satisfy portions of the agreement which were not performed.

Liquidated Damages
A sum of money that a contracting party agrees to pay to the other party for breaching an agreement.
Liquidation ...

Liquidated damages - An amount predetermined by the parties to a contract as the total compensation to an injured party should the other party breach the contract.

Liquidated Damages
A clause, which is commonly found in contracts, wherein the parties agree to pay a fixed amount, in case of any breach of the contractual provisions.

Liquidated Damages. A specific sum of money, set as part of a contract, to be paid by one party to the other if the first should default on the contract.

Liquidated Damages (LDs): Specific and limited amounts that a contracting party is required to pay to another contracting party in the event an agreed-upon area of performance is not achieved.

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.

Liquidated damages constitute compensation agreed upon by the parties entering into a contract, to be paid by a party who breaches the contract to a nonbreaching party.

Liquidated damages
The amount payable for delays and sub-standard performance under a construction, equipment supply, or Operations & Maintenance contract.

Liquidated Damages
Amounts stipulated in the contract, usually as a fixed amount per day, ...

LDs See: Liquidated damages LOC See: Letter of credit LP See: Limited partner LR The two-character ISO 3166 country code for LIBERIA. LRD The ISO 4217 currency code for the Liberian Dollar.

Contracting parties will sometimes specify damages (called 'liquidated damages') to be paid if there is a breach.

But demands in the nature of unliquidated damages arising otherwise than by reason of a contract, promise or breach of trust are not provable.

An act or omission that will result in a claim for duties, taxes, charges or liquidated damages under the FTZ Operator's Bond
DEFERRED PAYMENT CREDIT ...

Description of the project
Price
Payment
Completion date
Completion guarantee and Liquidated Damages (LDs):
Performance guarantee and LDs
Cap under LDs ...

Example: Because of the broken lease, the lessor was awarded $100 a day in compensatory damages at the market rent . The award did not include special, exemplary, or liquidated damages.
Related Terms:
Dictionary of Insurance Terms ...

Failure to export these items makes the importer liable for the payment of liquidated damages for breach of the bond conditions.

During the early part of the loan, portions of these payments are providedby a third party to reduce the borrower's monthly payments. In the context of project financing, refers to a one-time payment out of liquidated damages to reflect cash flow ...

liquidate To convert (inventory, securities, or other assets) into cash liquidated damages The amount required to satisfy a loss resulting from breach of contract. liquidation See liquidate.

In the context of project financing, refers to a one-time payment out of liquidated damages to reflect cash flow losses from sustained underperformance.

See also: Expense, Banks, Letter of credit, Funding, Lessee