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liquidated damages

/ˈlɪkwɪˌdeɪtɪd ˈdæmədʒəz/ /ˈlɪkwɪˌdeɪtɪd ˈdæmɪdʒɪz/
noun
GeneralLegal
  1. 1 götürü tazminat
  2. 2 cezai şart, önceden belirlenmiş tazminat

Definition (English)

  1. An amount agreed upon in a contract that will be paid if the contract is broken.
  2. A pre-determined sum of money paid as compensation for a specific breach of contract.

Example Sentences

  1. The contract includes a liquidated damages clause.
    Sözleşme götürü tazminat maddesi içerir.
  2. They agreed on liquidated damages for late delivery.
    Teslimattaki gecikme için götürü tazminat üzerinde anlaştılar.