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Definition of Liquidated damages
1. Noun. (legal) An amount owed to a plaintiff in a lawsuit by the defendant that is determined by operation of law, such as the unpaid amount in a breach of contract. ¹
¹ Source: wiktionary.com
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1. Noun. (legal) An amount owed to a plaintiff in a lawsuit by the defendant that is determined by operation of law, such as the unpaid amount in a breach of contract. ¹
¹ Source: wiktionary.com