Without Prejudice: Canada Debt .ca defines Without Prejudice

Bankruptcy Term Without Prejudice

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Canada Debt has the definition to the bankruptcy and debt term Without Prejudice. Finding answers to terms such as Without Prejudice 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. Without Prejudice in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Without Prejudice' is used as follows:

Without dismissing, damaging or otherwise affecting a legal interest or demand; without detriment to existing right or claim; relates to fact, not to opinion. This expression is used when a person, in the desire to avoid litigation or dispute without admitting that the other party has a claim, offers to do something he need not do, such as to compromise a claim of his own or to pay when he feels he is not liable.