moratory damages

moratory damages
moratory damages see damage 2

Merriam-Webster’s Dictionary of Law. . 1996.

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  • interest by way of damages — Sometimes called moratory interest,–interest allowed in actions for breach of contract or tort as damages for the unlawful detention of the money found to be due, not by way of contract or arbitrary rule, but by way of reparation as justice… …   Ballentine's law dictionary

  • default — de·fault /di fȯlt, dē ˌfȯlt/ n [Anglo French defalte defaute lack, fault, failure to answer a summons, from defaillir to be lacking, fail, from de , intensive prefix + faillir to fail] 1: failure to do something required by duty (as under a… …   Law dictionary

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