Cap
/kæp/
Definitions
- (n.) A legal limit or maximum on the amount or number of something, such as damages or fees.
The statute imposes a cap on punitive damages to protect defendants from excessive liability.
Forms
- caps
Related terms
Commentary
Often used in statutes or contracts to set a quantitative boundary; ensure clarity on what the cap includes and excludes.
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.