Glossary
What is Liquidated damages?
A penalty amount, fixed in the contract in advance, paid for a specific failure such as late delivery.
This term in other languages
| Arabic | التعويض المتفق عليه مسبقًا |
|---|---|
| French | Dommages-intérêts forfaitaires |
| Turkish | Cezai şart (likidasyon tazminatı) |
Learn it in the lesson
Who carries the risk when things go wrong: late shipment, quality rejection and cancellation
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