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LSDefine

Simple English definitions for legal terms

liquidated claim

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A quick definition of liquidated claim:

A liquidated claim is a demand for money, property, or legal remedy that can be precisely determined by law or agreement between parties. It is a claim for an amount previously agreed upon or determined in a judicial proceeding. This is different from an unliquidated claim, where the amount owed has not been determined. A liquidated claim can be enforced by a court of law.

A more thorough explanation:

Definition: A liquidated claim is a demand for money, property, or legal remedy that can be precisely determined by operation of law or by the terms of the parties' agreement. It can also refer to a claim that was determined in a judicial proceeding.

Example: If two parties enter into a contract that specifies a certain amount of money to be paid in the event of a breach, and the breach occurs, the amount owed is a liquidated claim. Another example would be a court judgment that awards a specific amount of damages to a plaintiff.

These examples illustrate the definition of a liquidated claim because the amount owed is clearly defined and can be easily calculated. There is no need for further negotiation or legal proceedings to determine the amount owed.

liquidated amount | liquidated-damages clause

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General

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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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