due compensation definition · LSData
sum payable definition · LSData - LSD.Law
The promissory note serves as a negotiable instrument, making John liable for the amount due. If John fails to pay the full amount by the due date, he will be ...
lay damages definition · LSData - LSD.Law
In example 1, the plaintiff is seeking compensation for various losses resulting from the injury. In example 2, the initial amount laid in the complaint was not ...
Reliance damages definition - LSD.Law
Reliance damages are a type of compensation awarded to a party who has suffered losses due to reasonable reliance on a promise. This means that if someone ...
hiring definition · LSData - LSD.Law
A company hires an employee to work for them and pays them a salary in return for their labor and services. A person rents a car from a rental company and pays ...
presentment definition · LSData - LSD.Law
A demand for payment of a promissory note when it is due. This means that the person who is owed money asks the person who owes them money to pay up. A formal ...
hudegeld definition · LSData - LSD.Law
The payment of hudegeld was a way of acknowledging that the assault was wrong, and that the victim deserved compensation for the harm that was done to them.
payment in due course definition · LSData - LSD.Law
Definition: Payment in due course refers to the payment made by a debtor on a negotiable instrument, even if it is made after the maturity date of the ...
interest as damages definition · LSData - LSD.Law
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.
regress definition · LSData - LSD.Law
The right to repayment or compensation. Example: After realizing he forgot his phone, John had to regress back to his house to retrieve it. Example: The company ...
paycheck definition · LSData - LSD.Law
A paycheck is a form of payment that an employer gives to an employee for the work they have done. It is usually in the form of a check that can be cashed ...
balance due definition · LSData - LSD.Law
It's like when you borrow money from a friend and promise to pay them back, but you haven't paid them back yet. The balance due is the amount you still owe them ...
Just Compensation Clause definition · LSData - LSD.Law
The Just Compensation Clause, also known as the Takings Clause, is a part of the Fifth Amendment that says the government cannot take someone's private ...
unaccrued definition · LSData - LSD.Law
For example, if you have a lease on a property and the rent is unaccrued, it means that the rent payment is not yet due. A more thorough explanation ...
two-party payment definition · LSData - LSD.Law
Definition: Two-party payment refers to a single payment made by check to two people, usually for the sum of the amount due to each person.
amende profitable definition · LSData - LSD.Law
If the court finds the defendant guilty, they may be ordered to pay an amende profitable. The amount of money paid is determined by the plaintiff, who must ...
holder in due course definition · LSData - LSD.Law
This person is entitled to payment by the creator of the instrument, even if there are issues with the payment such as insufficient funds in the account. holder ...
tax costs definition · LSData - LSD.Law
... pay certain costs of the winning party in litigation. A company merges with another company, resulting in increased tax liabilities due to the transaction.
on demand definition · LSData - LSD.Law
Definition: On demand refers to a type of payment that is due immediately when requested by the person or company owed the money.
consequential damages definition · LSData - LSD.Law
These damages may not be a direct result of the initial wrongdoing, but they are a natural consequence of it. For example, if a car accident caused a person to ...
fee definition · LSData - LSD.Law
When you go to the doctor, you usually have to pay a fee for the appointment. This fee covers the cost of the doctor's time and expertise. Example 2: If you ...