Search Results for: DAMAGE

intimidation

intimidation, n. Unlawful coercion; extortion. • In England, intimidation was established as a tort in the 1964 case of Rookes v. Barnard, 1964 App. Cas. 1129 (P.C. 1964) (appeal taken from B.C.).[Cases: Extortion and Threats 34. C.J.S. Threats and Unlawful Communications §§ 29–31.] — intimidate, vb. — intimidatory, adj. — intimidator, n. “The wrong of

intimidation Read More »

experience rating

experience rating. Insurance. A method of determining the amount of the premium by analyzing the insured’s loss record over time to assess (1) the risk that covered events will occur, and (2) the amount of probable damages if they do. [Cases: Insurance 1542(2). C.J.S. Insurance § 66.]

experience rating Read More »

lost earnings

Wages, salary, or other income that a person could have earned if he or she had not lost a job, suffered a disabling injury, or died. • Lost earnings are typically awarded as damages in personal-injury and wrongful-termination cases. There can be past lost earnings and future lost earnings. Both are subsets of this category,

lost earnings Read More »

redress

redress (ri-dresorree-dres), n. 1. Relief; remedy (money damages, as opposed to equitable relief, is the only redress available). [Cases: Damages 1, 3. C.J.S. Damages §§ 1–2, 4–7.] 2. A means of seeking relief or remedy (if the statute of limitations has run, the plaintiff is without redress). — redressable, adj. — redress (ri-dres), vb. penal

redress Read More »

liquidate

liquidate, vb. 1. To settle (an obligation) by payment or other adjustment; to extinguish (a debt). 2. To ascertain the precise amount of (debt, damages, etc.) by litigation or agreement. 3. To determine the liabilities and distribute the assets of (an entity), esp. in bankruptcy or dissolution. 4. To convert (a nonliquid asset) into cash.

liquidate Read More »

drilling contract

drilling contract. Oil & gas. A well-drilling agreement between a drilling contractor, who owns drilling rigs and associated equipment, and the owner or lessor of the mineral rights. • The contract spells out the rights and duties of the parties. In general, the more control the interest-owner retains over the contractor, the more liability the

drilling contract Read More »

Scroll to Top