Caps
/ˈkæps/
Definitions
- (n.) Legal limits or maximum amounts imposed by law, such as caps on damages or liability.
The statute imposes caps on punitive damages in civil lawsuits.
Related terms
See also
Commentary
"Caps" in legal context most often refers to statutory or contractual limits on monetary recovery or liability.
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.