Definitions for "liquidated damages"
The amount required to satisfy a loss resulting from breach of contract.
An amount pre-determined by the parties to an agreement that will be forfeited as compensation for breach of contract.
a sum of money agreed upon by the parties to a contract that will be paid as damages if there is a breach of the contract
A court award available under some laws (Equal Pay Act) where the employer's violation was either willful or in reckless disregard of the law or the employee's rights thereunder. Such award generally provides for attorney fees and an amount equal to and in addition to the lost wages and benefits.
Keywords:  pendens, constant, loan
Lis Pendens Loan Constant