interest as damagesglossary / interest as damages Interest allowed by law in the absence of a promise to pay it, as compensation for a delay in paying a fixed sum or a delay in assessing and paying damages. Cf. conventional interest. 词条贡献者 资深译员大智,毕业于美国一流的高级翻译学院,专注翻译各种与复杂诉讼有关的法律文件。