Liquidation of losses
1) Liquidation Losses means, with respect to any Liquidated Loan, on any date, the amount by which (A) the sum of (i) the Principal Balance of such Loan, and (ii) accrued and unpaid interest thereon at the Applicable Rate, exceeds (B) the Net Liquidation Proceeds and Insurance Proceeds thereon, if any.
2) Liquidated damages are presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties.
These damages are paid out in the case of a breach of contract, and are pre-estimated and spelled out in advance when the contract is signed.
Liquidated damages are meant as a fair representation of losses in situations where actual damages are difficult to ascertain.
The courts typically require that the parties involved make the most reasonable assessment possible for the liquidated damages clause at the time the contract is signed.
Amounts of assets lost, for example, due to loss, theft, or liabilities arising, for example, as a result of a crime. The legislation of Ukraine distinguishes the following types of damages: expenses incurred by the creditor, loss or damage to his property, income not received by the creditor, which he would have received if the obligation had been fulfilled by the debtor[Losses].
Nordqvist, C. (2022, July 26). 4 Ways to Avoid Losses in Crypto Trading. Market Business News. https://marketbusinessnews.com/avoid-losses-in-crypto-trading/305417/
What Are Liquidated Damages (LDs)? How They Work, With Example. (2022, August 2). Investopedia. https://www.investopedia.com/terms/l/liquidateddamages.asp
Liquidation Losses Definition. (n.d.). Law Insider. https://www.lawinsider.com/dictionary/liquidation-losses