Liquidated damages

Liquidated Damages definition:
Pre-determined damages.
A pre-determined or pre-estimated sum included in a contract to set the amount of compensatory payment (damages) to be paid to the non-breaching party by whichever party to the contract ...

Liquidated Damages
(n) Liquidated damages are the quantified damages payable by a party to the opposite party of the contract for the damages caused by his failure or on his incapacity to do or fulfill the conditions set in the agreement.

LIQUIDATED DAMAGES - When the parties to a contract agree to the payment of a certain sum as a fixed and agreed upon satisfaction for not doing certain things particularly mentioned in the agreement, the sum is called liquidated damages.

Liquidated Damages:
Compensation for non-performance or loss which is cash or easily converted into cash.

Liquidated damages: the amount of money specified in a contract to be awarded in the event that the agreement is violated.
List: the amount in degrees that a vessel tilts from the vertical.
LNG: liquefied natural gas, or a carrier of lng.

liquidated damages
n. an amount of money agreed upon by both parties to a contract which one will pay to the other upon breaching (breaking or backing out of) the agreement or if a lawsuit arises due to the breach.

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.

sum certain: Liquidated damages pursuant to contract, promissory note, law, etc.
summary judgment: a determination in an action on the grounds that there is no genuine issue of fact ...

the parties to a contract stipulate for the payment of a certain su, as a satisfaction fixed and agreed upon by them, for the not doing of certain things particularly mentioned in the agreement, the sum so fixed upon is called liquidated damages. (q.

Definition - adj
1 : settled or determined by liquidating
see also liquidated damages at damage
2 : capable of being readily fixed, calculated, or ascertained as a sum esp. without dispute or reliance on opinion or discretion ...

See also: Damages, Law, Contract, Contra, Party