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Legal Definitions - liquidated debt

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The end of law is not to abolish or restrain, but to preserve and enlarge freedom.

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Definition of liquidated debt

Liquidated debt is a type of debt where the amount owed has been agreed upon by both parties or determined by law. For example, if you borrow $500 from a friend and agree to pay it back in a month with $50 interest, the total liquidated debt would be $550.

Another example of liquidated debt is a court-ordered judgment against someone who owes a specific amount of money to another person or entity.

It is important to note that liquidated debt is different from unliquidated debt, which is a debt that has not been determined or agreed upon yet.

Ethics is knowing the difference between what you have a right to do and what is right to do.

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Simple Definition

Liquidated debt is a type of debt where the amount owed has been agreed upon by both parties or determined by law. This means that there is a specific amount of money that is owed and it is not up for dispute. It is the opposite of unliquidated debt, which is when the amount owed is unclear or in dispute. Examples of liquidated debt include a loan with a set repayment amount or a bill for services rendered with a specific fee.
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The law is a jealous mistress, and requires a long and constant courtship.

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If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.

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