Prejudgment interest definition

Prejudgment interest means interest added to a settlement, verdict, award or judgment based on the time the loss occurred to the time of the settlement, verdict, award or judgment, whether or not made part of the settlement, verdict, award or judgment.

Prejudgment interest or "Delayed Damages" shall mean interest or damages added to a settlement, verdict, award or judgment based on the amount of time prior to the settlement, verdict, award or judgment whether or not made part of the settlement, verdict, award or judgment.

Prejudgment interest means interest added to a verdict, award or judgment by the court, whether or not made part of the verdict, award or judgment.

Examples of Prejudgment interest in a sentence

• Prejudgment interest awarded against the insured on that part of the judgment we pay.

• Prejudgment interest awarded against the "insured" on that part of the judgment we pay.

• Prejudgment interest assessed as a result of a legal action brought against us will be paid outside the policy limits.

• Pre-judgment interest awarded against the insured on that part of the judgment we pay.

• Prejudgment interest assessed against an insured on a covered award is included.

• Prejudgment interest is generally recoverable in claims based on contracts or accounts due from the time that the debt became due or demand for payment is made, provided the amount of debt is liquidated or is readily ascertainable.

• Prejudgment interest awarded against the insured on the part of the judgment we pay.

• Recovery of Pre and Post-Judgment Interest A) Prejudgment interest.

• Prejudgment interest is not usually recoverable on an unliquidated claim in the absence of an agreement or statute providing such recovery.

• Prejudgment interest is allowable where the amount of damages is definitely ascertainable by mathematical computation, or if the evidence furnishes data that makes it possible to compute the amount without reliance on opinion or discretion.

More Definitions of Prejudgment interest

Prejudgment interest means interest at an annual rate equal to 1 percent plus the prime rate in effect on the date of the settlement offer.

Prejudgment interest means that particular amount of interest awarded against the Covered Party on that part of the judgment The Trust pays. If The Trust makes an offer to pay the applicable Limit of Liability, The Trust will not pay any prejudgment interest based on that period of time after the offer.