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Simple English definitions for legal terms

interest as damages

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A quick definition of interest as damages:

Interest as damages refers to the amount of money that a person may be awarded as compensation for the loss of use of their money. This means that if someone owes you money and they don't pay you back, you may be entitled to receive interest on that money as part of your compensation. Interest is the extra money that you earn when you put your money in a bank account or invest it somewhere. So, if someone owes you money and they don't pay you back, you can ask the court to award you interest as part of your compensation for the loss of use of your money.

A more thorough explanation:

Definition: Interest as damages refers to the amount of money awarded to a party as compensation for the loss of use of their money or property. It is a form of compensation for the time value of money.

For example, if a person is owed money and the debtor fails to pay on time, the creditor may be awarded interest as damages for the delay in payment. This compensates the creditor for the loss of use of their money during the time it was not paid.

Another example is in a personal injury case where the plaintiff may be awarded interest as damages for the time it took to receive compensation for their injuries. This compensates the plaintiff for the delay in receiving the compensation they were entitled to.

Overall, interest as damages is a way to compensate a party for the loss of use of their money or property due to the actions or inactions of another party.

interest arbitration | interest-based quorum

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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