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Simple English definitions for legal terms

interest as damages

Read a random definition: teleological interpretation

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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