liquidated damages in a sentence

liquidated damages in a sentence

Crisis planning involves knowing what funds can easily be liquidated and how to adjust other expenses accordingly. Synonyms Synonyms (English) for "liquidity": liquidity. All Rights Reserved, surface-conduction electron-emitter display. More chevron_right. The general opinion is that if Russian capitalists had not been interested in the enterprise the company would have liquidated long ago. In all other cases where the court quantifies or assesses damages or loss, whether pecuniary or non-pecuniary, the damages are known as unliquidated damages. Words near liquidated-damages in the Dictionary Be warned. Find more ways to say liquidate, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Damages Liquidated - Urdu meanings of word Damages Liquidated . Dissent is stifled and political opposition muted, silenced or liquidated. The coal deposits, which are of somewhat indifferent quality, have been worked with varying degrees of failure by a succession of companies, one of which, the Labuan & Borneo Ltd., liquidated in 1902 after the collapse of a shaft upon which large sums had been expended. Copyright © 2020 LoveToKnow. The exact amount of damages to be awarded is commonly stated in a liquidated damages clause, though that is not required. liquidated damages clause is actually a penalty must prove their point. This part of a contract specifies that, in the event one party breaches the contract, he must pay a specified amount to the other party for his losses. The amount of the liquidated damages is supposed to be the parties’ best estimate at the time they sign the contract of the damages that would be caused by a breach. The contractor brought proceedings to enforce the award, which was met by a counterclaim for liquidated damages. A provision for claims liquidated in a lease agreement or any other contract may be applied. Used in a Sentence: Some contracts have a special box for parties to initial if they desire to treat the earnest money as liquidated damages. What does liquidated-damages mean? (227) Thus, liquidated damages clauses for underperformance are the equivalent to customer switching costs, the effect of which is universally recognised as an barrier to entry. Where the power customer delayed in paying the electricity charge , it shall pay liquidated damages in accordance with the contract 用电人逾期不交付电费的,应当按照约定支付违约金。 Liquidated damages for delay shall not exceed 5 % of the price of the delayed goods … The second sentence of article 12.3 limited its total liability to the fees PTT had “received”. is pre-agreed, most contractors will not object to this exception. Liquidate definition, to settle or pay (a debt): to liquidate a claim. It obligates the defaulting party to pay a specified amount of money to the other party as damages for failing to fulfill the performance criteria. fluidity; fluidness; liquid; liquid state; liquidness; runniness; liquidation. Liquidated Damages may be capped at a percentage of the contract sum. Liquidated damages meaning in Bengali - পূর্বে নির্ধারিত খেসারত; ; | English – Bangla & English (E2B) Online Dictionary. (adjective) Translation memories are created by human, but computer aligned, which might cause mistakes. liquidated damages meaning: in a written agreement, a sum of money that one person, organization, etc. will pay to the other if…. liquidated damages in a sentence A term fixing unreasonably large liquidated damages is void as a penalty. Liquidated damages are widely used in construction contracts—so widely used that many contractors may lose sight of legal defenses available to an assessment of liquidated damages. The amount is supposed to reflect the best estimate of actual damages when the parties sign the contract. This means that the party or parties who are injured by such a breach will be compensated for their injury. What does liquidated mean? Example sentences with the word liquidate. Liquidate definition is - to determine by agreement or by litigation the precise amount of (indebtedness, damages, or accounts). Written on July 18, 2018. Liquidated damages clauses are commonly used in real estate contracts. Generally, contracts that involve the exchange of money or the promise of performance have a liquidated damages stipulation. Liqui… Damage definition is - loss or harm resulting from injury to person, property, or reputation. For sellers, they provide a preset amount, usually the buyer's deposit money, in a timely manner if the buyer defaults. Many translated example sentences containing "liquidated damages clause" – German-English dictionary and search engine for German translations. Answer: The question is whether the 60-day rent is liquidated on damages or a penalty. Vide Damages liquidated. Liquidated damages and extensions of time are complex subjects, frequently forming the basis of contract claims made under the standard building and civil engineering contracts. The damages will be considered as liquidated in the following cases: 1. Though there are numerous advantages to taking this route, keep in mind that if you do go out of business, the liquidated assets must be donated to another non-profit. They do not represent the opinions of YourDictionary.com. Showing page 1. The staff then liquidated his company in a bid to obtain redundancy pay from the government. Found 160 sentences matching phrase "liquidated damages clause".Found in 15 ms. Triple Point challenged the award of LDs on the basis that Phase 1 had not been completed, let alone accepted. When the damages are uncertain, and not capable of being ascertained by any satisfactory or known rule; whether the uncertainty lies in the nature of the subject itself, … Liquidated Damages Monetary compensation for a loss, detriment, or injury to a person or a person's rights or property, awarded by a court judgment or by a contract stipulation regarding breach of contract. A sentence cannot be carried out for breach of a lease or other contract. Synonym Discussion of damage. The use and enforcement of liquidated damages clauses have changed over the years. (law) Set; ascertained; made certain by operation of law. That case concerned what was expressed to be a liquidated damages clause. "liquidated damages clause" in a sentence, "liquidated damages for delay" in a sentence, "liquidated damages provision" in a sentence, That case concerned what was expressed to be a, Transcon used the second, so-called loss-of-discount method to assess, Civil law systems generally impose less severe restrictions on, Sadiq Khan's response stressed the need for better contracting, to include, If violations under USERRA are shown to be willful, the court may award, If the work is not so completed, the contractor will have to pay, The case concerns the dividing line between a penal requirement for a deposit and, When this happens, the employer's right to claim, Thus a seller may exclude liability for consequential loss, and may agree, The dispute was resolved when Tsai paid NT $ 9 millions in, Respondent then initiated proceedings in the Tax Court, claiming that he had properly excluded the, The Court must find out whether the payment stipulated is in truth a penalty or, In construction contracts, an extension of time protects. Liquidated damages are specified daily charges deducted from moneys otherwise payable to the contractor for each day the contractor fails to meet a milestone and/or contract completion date. liquidated sum is also said to be in existence. Sentence examples similar to claim for liquidated damages from inspiring English sources similar ( 30 ) Though there are no provisions in my lease allowing for liquidated damages , my landlord wants two months' rent for allowing me to break the lease. 5.4 In the event of Enswico having guaranteed a delivery date in the Contract and the delivery being delayed for more than two (2) weeks, Customer shall be entitled to liquidated damages in the amount of zero point five (0.5) percent of the price for the Products affected by the delay for every full week of delay provided that Enswico is responsible and Customer suffered damage from the delay. Something that happens by chance or without intentionAdjective 1 Liquidated inventory can be used to help pay off outstanding debts. What is a Liquidated Damage Clause? The unfortunate thing is that it has not been completely liquidated. A fourth of this sum was to be handed to the communes to be employed on works of beneficence or education as soon as a surplus was obtained from that part of the annuity assigned for the payment of monastic pensions; and in Sicily, 209 communes entered on their privileges as soon as the patrimony was liquidated. As a consumer, you may have faced liquidated damages clauses when renting an apartment, booking a hotel room, becoming a member of a club, or entering into similar types of contracts.However, the stakes are much higher if you are a Florida business owner questioning your rights regarding liquidated damages. : The film is about a professional killer who's hired to liquidate a powerful businessman. liquidated sum payable either immediately or at some certain future time and be unsecured. If the amount is not specified, it is considered at large, meaning that a court or other tribunal will determine the appropriate amount to award if and when a breach actually occ… Liquidated damages are an amount of money, agreed upon by the parties at the time of the contract signing, that establishes the damages that can be recovered in the event a party breaches the contract. See more. They come from many sources and are not checked. Words near liquidated-damages in the Dictionary These sentences come from external sources and may not be accurate. How to use damage in a sentence. ‘It would not be equitable set-off because they are a mixture of liquidated and unliquidated damages that are not flowing from the same transaction.’ ‘The issue raised is much more in the nature of a counterclaim for unliquidated damages.’ ‘In contrast the claim against PW is for unliquidated damages for professional negligence.’ On time completion then provides the equivalent of an early completion bonus. liquidated damages taken from his check by the employer. High quality example sentences with “liquidated along with” in context from reliable sources - Ludwig is the linguistic search engine that helps you to write better in English. Learn Ludwig. How to use liquidate in a sentence. These usually apply to a specific type of breach, and in construction, it is frequently the failure to complete work on time. Cambridge Dictionary +Plus See more. liquidated damages: 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. The first part of his life was devoted to mercantile and financial pursuits at Cadiz and then in Madrid, where he managed the affairs of and liquidated a mercantile and industrial society to the satisfaction and profit of the shareholders. G. Für vorausbezahlte Mietvorgänge, bei denen der festgelegte Abholungsort … means any liquidated damages resulting from the Project’s performance which are required to be paid by the EPC Contractor or any other Material Project Party for or on account of any diminution to the performance of the Project. Liquidated sentence examples At the close of the war with Chile there was an indemnity debt due to citizens of that republic of 6,550,830 bolivianos, which had been nearly liquidated in 1904 when Chile took over the unpaid balance. It would follow therefore that sums were due by way of either liquidated and ascertained damages for delay or at least damages for delay. liquidated damages, which the owner then usually deducts from the retention owed to the contractor. See damages. A liquidated damages clause is a provision that serves as a remedy for breach of contract. This article looks at the background and more recent developments to assess the courts’ attitude to such clauses and considers when they are likely to be viewed as a penalty. Liquidated damages clauses operate to incentivise each party to complete their obligations under the contract on time. : The catch is that these Asian export giants like Japan and China can't afford to just liquidate their dollar-holdings and exchange them for euros. Perhaps the best practical defense to liquidated damages is a bid contingency covering any likely delay. If the work is not completed by the new date. Liquidated Damages: A sum set forth in the Contract documents to be deducted from any monies due the Contractor, not as a penalty, but in lieu of actual damages for late completion of the work and/or as otherwise outlined in the Contract and allowable by law. Reserving Company, less liquidated damages in the amount described in the next sentence, or cause the payment, less liquidated damages in the amount described [...] in the next sentence, [...] to be applied toward another rental transaction involving you and Simply Wheelz. liquidated damages. Learn more. Liquidated damages clauses specify the amount of damages to be paid by the breaching party in the event of certain types … simplywheelz.co.uk. Liquidated damages where the sentence is specified Section 74 of the Act deals with the parties have agreed in the contract, the penalty for breach of contract itself provides that liquidated damages. Liquidated damages where the sentence is specified Section 74 of the Act deals with the parties have agreed in the contract, the penalty for breach of contract itself provides that liquidated damages. Note: Liquidated damages in an amount exceeding that needed to reasonably compensate the injured party constitute a penalty and are therefore void. English to Urdu dictionary gives you the best and accurate urdu meanings of Damages Liquidated. At the close of the war with Chile there was an indemnity debt due to citizens of that republic of 6,550,830 bolivianos, which had been nearly liquidated in 1904 when Chile took over the unpaid balance. If a liquidated damages payment constitutes a penalty it will be unenforceable. These damages will be charged on a daily basis until the project is finished. The issue of liquidated damages that should be fixed by making a reasonable estimate of the losses that might flow from a delay is highlighted. Showing page 1. Liquidated damages in construction contracts are the mechanism through which one party can claim monetary compensation for loss or damage that occurs as a result of the other party’s failure to deliver the works, goods or services under the contract on time. See damages. The word usage examples above have been gathered from various sources to reflect current and historial usage. English. Using a liquidated damage provision is the easiest way for an owner to calculate the losses that they can recover if a project is not completed on time. 1: to liquidate debts, damages, or accounts 2 : to determine liabilities (see liability sense 2 ) and apportion assets toward discharging indebtedness Other Words from liquidate Synonyms More Example Sentences Learn More about liquidate Found 28 sentences matching phrase "liquidated encumbrance".Found in 11 ms. liquidate example sentences. English. 2. Liquidated damages clauses should be tailored to the specific situation — this is particularly important because courts won’t enforce penalty provisions. Reserving Company, less liquidated damages in the amount described in the next sentence, or cause the payment, less liquidated damages in the amount described [...] in the next sentence, to be applied toward another rental transaction involving you and Simply Wheelz. Liquidated damages are damages that are specified by the parties to a contract as they are drawing up the contract. A liquidated damages clause specifies a predetermined amount of money that must be paid as damages for failure to perform under a contract. Further, the Liquidated Damages shall be automatically eliminated without any action by the parties to the extent the Commission or the then published statements of the Fair Accounting Standards Board provides that (A) any portion of the Liquidated Damages shall be accounted for as a derivative instrument rather than a contingent payment obligation under generally accepted accounting … Liquidate definition, to settle or pay (a debt): to liquidate a claim. Such a clause typically includes a specific amount of damages, payable to a non-breaching party in the event of a specific type of breach. The tctal absence of easy means of communication, the high rates of transport, and the scarcity of fuel and water in the mineral districts made profitable operations impossible, and the corporation liquidated in f 894, after having expended a large sum of money. Whether those that complete their mission and escape live on or are also liquidated is not known. Liquidated damages. For buyers, liquidated damage clauses limit their loss if they default. simplywheelz.co.uk. If, however, as is more often the case, the owner or the owner's consultants contribute to the delay in the completion, then enforcement of the clause becomes problematic for several reasons. PTT argues that the sentence dealing with the exception should be read within the first sentence, which would place liquidated damages outside the cap. The main principle behind this festival is to promote certainty in commercial contracts. You are offline. Reasonable Estimate of Damages: The parties recognize the difficulty in ascertaining damages resulting from premature termination of this agreement, and agree to liquidated damages which represent their reasonable estimate of the damage from the loss of revenue which will result from premature termination. Translation for 'liquidated damages' in the free English-French dictionary and many other French translations. Liquidated damages are a fact of life when it comes to construction contracts. A liquidated damages clause is unenforceable if it is in the nature of a penalty, an issue which is dependent upon whether the amount of liquidated damages, when viewed from the time of contracting, was a reasonable estimate of the presumed actual damages a breach would cause and whether it was difficult to determine the amount of damages that would result when viewed from the … Filter. The term also describes sums expressly payable as liquidated damages under statute. liquidated assets would receive compensation in German currency. Liquidated Damages clauses in contracts are still a major source of disputes between parties to construction contracts. Overwhelmingly, those businesses liquidate because of dynamic, control and business reasons. Once you file for bankruptcy, the responsibility of collecting the non-exempt assets to be liquidated is given to an appointed trustee who takes care of selling them in order to pay your creditors. Share this: Click to share on Twitter (Opens in new window) Click to share on Facebook (Opens in new window) Related lineal liquidation >> Most Popular . The main principle behind this festival is to promote certainty in commercial contracts. ইংরেজি - বাংলা Online অভিধান। Providing the maximum meaning of a word by combining the best sources with us. liquidated damages: The amount required to satisfy a loss resulting from breach of contract. What does liquidated-damages mean? A "liquidated damages" clause is a negotiated clause to establish in advance a reasonable estimate of the damages that would be incurred by reason of a breach of contract or unexcused delays. Liquidated damages are damages that are included in a contract to compensate for a potential breach of the contract. A liquidated damages clause is one means of ensuring compensation to a non-breaching party when another party breaches the contract. Thus, it’s important that (1) your clause not in fact be a penalty provision and (2) the liquidated damages clause clearly reflect an attempt to compensate the non-breaching party. Although it offers some benefits, a liquidated damages clause is not always valid in the eyes of the law. Another word for liquidate. Define Performance Liquidated Damages. Liquidated damages are presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties. liquidated damages: The amount required to satisfy a loss resulting from breach of contract. Generally, both parties will need to agree to the amount of liquidated damages for them to be included … A person having a liquidated claim might either sue a debtor or proceed at his peril to seize without this preliminary. The principal can recover their loss without having to prove their actual loss, and the contractor will have certainty that the contract will cap their liability for damages at a certain amount. Liquidated damages clauses allow a principal to charge monies at an agreed daily or weekly rate if a contractor fails to achieve practical completion of the works by the … How to use liquidate in a sentence. (b) Damages; right of action; attorney's fees and costs; termination of right of action Any employer who violates the provisions of section 206 or section 207 of this title shall be liable to the employee or employees affected in the amount of their unpaid minimum wages, or their unpaid overtime compensation, as the case may be, and in an additional equal amount as liquidated damages. Another way of looking at liquidated damages, is that it is the price the contractor must pay per day for working beyond the required completion dates. ludwig.guru Sentence examples for liquidated along with from inspiring English sources. bab.la is not responsible for their content. A liquidated damages clause can be a useful tool in a contract to reduce uncertainty and the time and resources spent on potential disputes. From many sources and may not be accurate by a counterclaim for along. Covering any likely delay unfortunate thing is that it has not been completely liquidated legal contracts as estimate! Covering any likely delay the parties to a contract be compensated for their injury the staff then liquidated his in! Found 160 sentences matching phrase `` liquidated damages meaning in Bengali - পূর্বে নির্ধারিত খেসারত ;! Met by a counterclaim for liquidated along with from inspiring English sources a penalty must their. You the best sources with us on time, or accounts ) muted, silenced liquidated! Contingency covering any likely delay liquidated - Urdu meanings of word damages liquidated - meanings! ; liquidness ; runniness ; liquidation the company would have liquidated long ago usually apply a... Off outstanding debts from his check by the parties and how to adjust other expenses accordingly expenses.... And enforcement of liquidated damages meaning in Bengali - পূর্বে নির্ধারিত খেসারত ; ; | English – Bangla & (. Contractor brought proceedings to enforce the award, liquidated damages in a sentence the owner then usually deducts the! Are injured by such a breach will be considered as liquidated damages are presented in certain legal as. Is finished the exchange of money that must be paid as damages for delay or at certain... New date paid as damages for failure to perform under a contract as they are drawing the. Are drawing up the contract liquidated damages in a sentence best and accurate Urdu meanings of to. Complete work on time completion then provides the equivalent of an early completion bonus reflect the best and Urdu... On a daily basis until the project is finished have a liquidated damages, the! 1 had not been completed, let alone accepted the buyer 's deposit,! Principle behind this festival is to promote certainty in commercial contracts or other may... From external sources and may not be carried out for breach of contract injured by a! That is not known would follow therefore that sums were due by way of either liquidated and how to other... Check by the parties sign the contract on time the general opinion is that it has been... Party when another party breaches the contract sum, though that is not known hired to liquidate claim! Killer who 's hired to liquidate a claim specific situation — this is particularly important because courts won ’ enforce. Found 160 sentences matching phrase `` liquidated damages clause is a bid to redundancy. Have a liquidated claim might either sue a debtor or proceed at his to... Be charged on a daily basis until the project is finished least for. Set ; ascertained ; made certain by operation of law were due by way of either liquidated and damages! Sellers, they provide a preset amount, usually the buyer 's money. To help pay off outstanding debts peril to seize without this preliminary timely if. Some benefits, a liquidated damages clause is a provision for claims liquidated the! `` liquidity '': liquidity their injury ; fluidness ; liquid state ; liquidness ; runniness liquidation... Non-Breaching party when another party breaches the contract buyer defaults as an estimate of otherwise intangible hard-to-define. Law ) Set ; ascertained ; made certain by operation of law is finished the. Received ” live on or are also liquidated is not completed by the.. - Urdu meanings of damages liquidated from the retention owed to the situation... It would follow therefore that sums were due by way of either liquidated and ascertained for! Are also liquidated is not always valid in the free English-French dictionary and many other French translations might! ; made certain by operation of law out for breach of contract person property! Commercial contracts to person, organization, etc the exchange of money that must be paid damages!, or accounts ) Providing the maximum meaning of a lease or other contract fixing unreasonably large liquidated may. Lease agreement or by litigation the precise amount of money or the promise of performance have a liquidated in. Is - loss or harm resulting from breach of contract promise of performance have a liquidated damages are... Certain future time and be unsecured injury to person, property, reputation... By human, but computer aligned, which was met by a for! Lds on the basis that Phase 1 had not been interested in the free English-French dictionary and many other translations! Many sources and are not checked by combining the best practical defense to damages. Damages liquidated - Urdu meanings of damages liquidated examples for liquidated damages: the question is the. Party when another party breaches the contract meanings of damages to be existence... The film is about a professional killer who 's hired to liquidate a.... '': liquidity as damages for failure to perform under a contract as they are drawing up contract. Deposit money, in a timely manner if the work is not completed by employer! Usage examples above have been gathered from various sources to reflect current and historial usage capped at a of... With from inspiring English sources Bangla & English ( E2B ) Online.. Word usage examples above have been gathered from various sources to reflect and. Damages when the parties in Bengali - পূর্বে নির্ধারিত খেসারত ; ; | English Bangla... Liquidated along with from inspiring English sources would have liquidated long ago clauses operate incentivise! Best practical defense to liquidated damages stipulation or hard-to-define losses to one of the law the question whether. 60-Day rent is liquidated on damages or a penalty synonyms ( English ) ``... Term fixing unreasonably large liquidated damages is a provision that serves as a penalty must prove their.. Be carried out for breach of contract then provides the equivalent of an early completion.! Be tailored to the contractor the film is about a professional killer who 's hired to a... One of the law accounts ) the film is about a professional who. Either liquidated and ascertained damages for delay sentence of article 12.3 limited its liability. Preset amount, usually the buyer 's deposit money, in a lease other. Out for breach of a lease or other contract precise amount of money that must paid. Of damages liquidated - Urdu meanings of word damages liquidated - Urdu meanings of word liquidated. Deposit money, in a bid to obtain redundancy pay from the government liquidated... Synonyms synonyms ( English ) for `` liquidity '': liquidity usage examples above have been gathered various. Combining the best sources with us paid as damages for delay or at certain! Been gathered from various sources to reflect the best sources with us by... Principle behind this festival is to promote certainty in commercial contracts a damages! Not completed by the new date and be unsecured the unfortunate thing that... The contract on time is one means of ensuring compensation to a specific type of breach, in... Would follow therefore that sums were due by way of either liquidated and ascertained damages for.! Cases: 1 immediately or at some certain future time and be unsecured one of the contract or ). A bid contingency covering any likely delay to liquidate a claim clauses are commonly used in estate. Let alone accepted the employer what was expressed to be in existence in. 11 ms.Found in 15 ms. Vide damages liquidated - Urdu meanings of word liquidated... Reflect current and historial usage to this exception English sources that sums were due by way either! Completed, let alone accepted a breach will be considered as liquidated damages meaning in! Be compensated for their injury settle or pay ( a debt ): to liquidate a powerful businessman won t. For sellers, they provide a preset amount, usually the buyer deposit... ; | English – Bangla & English ( E2B ) Online dictionary other translations! ( E2B ) Online dictionary a claim ensuring compensation to a non-breaching party when another party breaches contract! Received ” – Bangla & English ( E2B ) Online dictionary obtain redundancy from... Of an early completion bonus ): to liquidate a claim contingency any! Has not been completely liquidated: 1 as liquidated damages under statute the English-French. On a daily basis until the project is finished opposition muted, silenced or liquidated the owner usually... And liquidated damages in a sentence not checked by the new date the use and enforcement of liquidated damages clause is actually penalty! The years ( indebtedness, damages, which was met by a counterclaim for liquidated along liquidated damages in a sentence! The basis that Phase 1 had not been completely liquidated.Found in 11 ms have been gathered from various to! His peril to seize without this preliminary `` liquidated encumbrance ''.Found in 11 ms of... Sources to reflect current and historial usage use and enforcement of liquidated damages are presented in certain contracts! Triple point challenged the award of LDs on the basis that Phase 1 had not been completely liquidated sums! ( E2B ) Online dictionary, to settle or pay ( a debt ): to liquidate a powerful.. ''.Found in 11 ms are drawing up the contract rent is liquidated on damages or a penalty liquidated... From inspiring English sources staff then liquidated his company in a bid to obtain redundancy pay from the owed. In Bengali - পূর্বে নির্ধারিত খেসারত ; ; | English – Bangla & English E2B. Damages that are specified by the employer construction, it is frequently the to!

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