MLchartDataset catalogue

Postjudgment interest

Term · Law · MLC-T-LAW-003818

Interest that accrues on a monetary judgment from the date the judgment is entered until it is fully paid. This interest compensates the successful party for the delay in receiving the awarded funds. The rate of postjudgment interest is typically set by statute, either at a fixed rate or tied to a benchmark like the prime rate.

Table 1. Record
IdentifierMLC-T-LAW-003818
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003818",
  "term": "Postjudgment interest",
  "field": "Law",
  "definition": "Interest that accrues on a monetary judgment from the date the judgment is entered until it is fully paid. This interest compensates the successful party for the delay in receiving the awarded funds. The rate of postjudgment interest is typically set by statute, either at a fixed rate or tied to a benchmark like the prime rate.",
  "url": "https://mlchart.com/terminology/law/postjudgment-interest/"
}

Record 3,843 of 5,445 in Law terminology (MLC-0107). Request the full dataset.