Equivalents
/ɪˈkwɪvələnts/
Definitions
- (n.) Items, rights, or interests that are legally substitutable or equal in value or effect.
The contract specified monetary equivalents for any damaged goods.
Related terms
See also
Commentary
Commonly used in contexts involving compensation or legal substitutes, 'equivalents' denote items or rights interchangeable in a legal sense.
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.