Postjudgment Interest
/ˌpoʊstˈdʒʌdʒmənt ˈɪntrəst/
Definitions
- (n.) Interest awarded by a court that accrues on a monetary judgment amount from the date of judgment until payment is made.
The court granted postjudgment interest to compensate the plaintiff for the delay in payment.
Forms
- postjudgment interest
Related terms
See also
Commentary
Postjudgment interest commonly serves to make the prevailing party whole for the time value of money lost during the period between judgment and payment; statutory rates and calculations often vary by jurisdiction.
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.