interest by way of damages
- interest by way of damages
-
Sometimes called moratory interest,–interest allowed in actions for breach of contract or tort as damages for the unlawful detention of the money found to be due, not by way of contract or arbitrary rule, but by way of reparation as justice demands. 22 Am J2d Damg § 179.
Ballentine's law dictionary.
Anderson, W.S..
1998.
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