Louisiana Revised Statutes > Title 13 > Chapter 6 > Part V > Subpart E – Miscellaneous Provision
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| § 13:1862 | Relation to electronic signatures in Global and National Commerce Act and the Louisiana Uniform Electronic Transactions Act |
Terms Used In Louisiana Revised Statutes > Title 13 > Chapter 6 > Part V > Subpart E - Miscellaneous Provision
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.