MLchartDataset catalogue

Prejudgment interest

Term · Insurance and risk management · MLC-T-INS-002631

The interest that accrues on a monetary award from the date the cause of action arose or the loss occurred until the date a judgment is entered by a court. This interest compensates the plaintiff for the loss of use of money during the period leading up to the judgment. The calculation of prejudgment interest varies by jurisdiction and type of claim.

Table 1. Record
IdentifierMLC-T-INS-002631
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002631",
  "term": "Prejudgment interest",
  "field": "Insurance and risk management",
  "definition": "The interest that accrues on a monetary award from the date the cause of action arose or the loss occurred until the date a judgment is entered by a court. This interest compensates the plaintiff for the loss of use of money during the period leading up to the judgment. The calculation of prejudgment interest varies by jurisdiction and type of claim.",
  "url": "https://mlchart.com/terminology/insurance/prejudgment-interest/"
}

Record 2,644 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.