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LSDefine
Simple English definitions for legal terms
costs of the day
Read a random definition: averaging down
A quick definition of costs of the day:
Costs of the day refer to the expenses that are incurred in preparing for a trial. It is the money that is spent on things like lawyers, court fees, and other expenses related to the legal process. These costs can be incurred by both parties involved in the trial, and they can add up quickly. It is important to keep track of these costs and to budget accordingly to avoid any financial surprises.
A more thorough explanation:
Definition: Costs of the day refer to the expenses incurred in preparing for a trial or legal proceeding.
For example, if a lawyer spends money on research, filing fees, or other expenses related to a case, those costs are considered costs of the day. These costs are usually awarded to the prevailing party at the end of the case.
These examples illustrate how costs of the day are expenses that are directly related to a legal proceeding. They are not general expenses that a business or individual incurs in the course of their regular activities.