Legal Definitions - liquidated claim

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.