high–low agreement

high–low agreement. A settlement in which a defendant agrees to pay the plaintiff a minimum recovery in return for the plaintiff’s agreement to accept a maximum amount regardless of the outcome of the trial. — Also termed hilo settlement. [Cases: Compromise and Settlement 15. C.J.S. Compromise and Settlement §§ 32–37, 40–41.]

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词条贡献者

法律翻译舒婷，知名法学院保险学专业，专注翻译各类与保险与再保险诉讼有关的法律文件。