liquidated amount
n. To set by agreement a specific amount or a formula for calculating such an amount, in compensation for the losses resulting from a breach.

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • liquidated amount — precise amount, specific price, exact total …   English contemporary dictionary

  • 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 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 claim — USA A claim for a fixed amount of money. Such amount is either previously agreed to by the parties or can be precisely determined by mathematical calculation, reference to the parties agreement or by operation of law. Practical Law Dictionary.… …   Law dictionary

  • liquidated — A debt that is for a known number of dollars is liquidated. An unliquidated debt is one where the debtor has liability, but the exact monetary measure of that liability is unknown. Tort claims are usually unliquidated until a trial fixes the… …   Glossary of Bankruptcy

  • liquidated claim — a creditor s claim for a fixed amount of money (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • liquidated — Ascertained; determined; fixed; settled; made clear or manifest. Cleared away; paid; discharged. Adjusted, certain, or settled. Murchison v. Levy Plumbing Co., Tex.Civ.App., 73 S.W.2d 967, 968. Declared by the parties as to amount, U. S. v.… …   Black's law dictionary

  • Liquidated — 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 — 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


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