Calculation
/ˌkæl.kjʊˈleɪ.ʃən/
Definitions
- (n.) The process of determining an amount or value according to a formula or method, commonly used in legal and financial contexts to quantify damages, penalties, or interests.
The calculation of statutory interest was essential to determine the final amount owed.
- (n.) A methodical computation or assessment employed to ascertain figures relevant to legal claims or obligations.
The lawyer relied on the calculation of lost earnings to support the damages claim.
Forms
- calculations
Related terms
See also
Commentary
In legal drafting, specify the basis and formula for any calculation to avoid ambiguity and disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.