moratory damages

Definition of "moratory damages"
  1. This denotes the compensation that can be claimed due to a party's delay in fulfilling their obligations as per Louisiana's civil law
How to use "moratory damages" in a sentence
  1. The court ordered the defendant to pay moratory damages after the delay in completing the construction.
  2. Due to breach of the contract, the obligor was liable for moratory damages.
  3. Moratory damages were awarded to the plaintiff after the delivery of goods was delayed.

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