liquidated damages

Noun

Meaning

liquidated damages pl (plural only)

(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.

Source: en.wiktionary.org

Synonyms

damages

Related terms

unliquidated damages

Close letter words and terms

liquidate it liquidate with liquidated liquidation liquidation preference liquidationism