Definition of Liquidated damages. Meaning of Liquidated damages. Synonyms of Liquidated damages

Here you will find one or more explanations in English for the word Liquidated damages. Also in the bottom left of the page several parts of wikipedia pages related to the word Liquidated damages and, of course, Liquidated damages synonyms and on the right images related to the word Liquidated damages.

Definition of Liquidated damages

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 by agreement or by litigation the precise amount of (indebtedness); or, where there is an indebtedness to more than one person, to determine the precise amount of (each indebtedness); to make the amount of (an indebtedness) clear and certain. A debt or demand is liquidated whenever the amount due is agreed on by the parties, or fixed by the operation of law. --15 Ga. Rep. 321. If our epistolary accounts were fairly liquidated, I believe you would be brought in considerable debtor. --Chesterfield. 2. In an extended sense: To ascertain the amount, or the several amounts, of, and apply assets toward the discharge of (an indebtedness). --Abbott. 3. To discharge; to pay off, as an indebtedness. Friburg was ceded to Zurich by Sigismund to liquidate a debt of a thousand florins. --W. Coxe. 4. To make clear and intelligible. Time only can liquidate the meaning of all parts of a compound system. --A. Hamilton. 5. To make liquid. [Obs.] Liquidated damages (Law), damages the amount of which is fixed or ascertained. --Abbott.

Meaning of Liquidated damages from wikipedia

- Liquidated damages, also referred to as liquidated and ascertained damages (LADs), are damages whose amount the parties designate during the formation...
- damages which the parties contracted as liquidated, but which the court nonetheless found to be penal. To determine whether a clause is a liquidated damages...
- damages Expectation damages Reliance damages Punitive damages Nominal damages Liquidated damages Statutory damages Treble damages Award of attorney's...
- Punitive damages, or exemplary damages, are damages ****essed in order to punish the defendant for outrageous conduct and/or to reform or deter the defendant...
- Consequential damages, otherwise known as special damages, are damages that can be proven to have occurred because of the failure of one party to meet...
- Statutory damages are a damage award in civil law, in which the amount awarded is sti****ted within the statute rather than being calculated based on...
- liquidated damages is to provide certainty and to avoid both the bother and cost of legal proceedings. It is well established that liquidated damages...
- Penal damages are liquidated damages which exceed reasonable compensatory damages, making them invalid under common law. While liquidated damage clauses...
- liquidated damages provision. The Oklahoma Supreme Court rejected Arkla's contention, stating: "Moreover, the deficiency payment is not a liquidated damages...
- same resale price maintenance agreement but ruling on the concept of liquidated damages. Under the modern law of the Competition Act 1998 or EU competition...