Liquidated Claim | Practical Law

Liquidated Claim | Practical Law

Liquidated Claim

Liquidated Claim

Practical Law Glossary Item 3-382-3588 (Approx. 2 pages)

Glossary

Liquidated Claim

A claim for a fixed amount of money. Such amount is either previously agreed to by the parties or can be precisely determined by mathematical calculation, reference to the parties' agreement, or by operation of law. For example, a promissory note for a stated face amount is liquidated because its value can be determined by a simple calculation.