The Ultimate Legal Dictionary
PracticePanther compiled a list of the legal terms and definitions every
attorney, paralegal, and law student needs to know when running a law firm.
Liquidated Claim
DEFINITION
A liquidated claim is a claim for a specific amount of money that has been agreed upon by the debtor and creditor’s claim, by law or upon a legally enforceable agreement for a fixed amount of money. It is typically for less than the actual debt.
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