Prejudgment Interest definition

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.
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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.
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Prejudgment Interest means interest 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.
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Examples of Prejudgment Interest in a sentence

  • An arbitral tribunal has the same power with respect to interest as the court has under The Pre-judgment Interest Act, but the provision for payment into court does not apply.


More Definitions of Prejudgment Interest

Prejudgment Interest means interest calculated as 4.5% annual simple interest, calculated on a daily basis from the Date of Forfeiture through the Distribution Date, or for any Approved Claims paid after the Distribution Date, through the date of payment. By way of example, if the Surplus Value for an Approved Claim is $20,000, and if the period of time between the Date of Forfeiture and the Distribution Date is four years and 37 days, the Approved Claimant’s Settlement Payment would be $23,691.23, calculated as the Surplus Value of $20,000, plus four years of simple interest at 4.5% ($900 per year), plus $91.23 for the partial year (37 days, divided by 365 days in a year, times
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Prejudgment Interest means interest calculated as 4.5% annual simple interest, calculated on a daily basis from the Date of Forfeiture through the Distribution Date, or for any Approved Claims paid after the Distribution Date, through the date of payment.
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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.
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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.
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Related to Prejudgment Interest

  • Current Interest With respect to each Class of Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount or Class Notional Amount, as applicable, of such Class prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts prior to such Distribution Date.

  • Late Payment Interest means and refer to interest on a particular Late Payment at the Default Rate.

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.