Capped
/ˈkæpt/
Definitions
- (adj.) Subject to a maximum or upper limit, especially in contexts like fees, liability, or damages.
The contract includes a capped liability clause limiting damages to $50,000.
Related terms
See also
Commentary
Often used in contract law to limit exposure or obligations to a predefined maximum; important to define the scope and applicability of the cap clearly.
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.