Liquidated Damages: Canada Debt .ca defines Liquidated Damages

Bankruptcy Term Liquidated Damages

<<< Back

Canada Debt has the definition to the bankruptcy and debt term Liquidated Damages. Finding answers to terms such as Liquidated Damages can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Liquidated Damages in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Liquidated Damages' is used as follows:

Compensation for non-performance or loss which is cash or easily converted into cash.