§ 5031 Basis for determining judgment to be entered
§ 5032 Form of security
§ 5033 Posting and maintaining security
§ 5034 Failure to make payment
§ 5036 Adjustment of payments
§ 5037 Settlements
§ 5038 Assignment of periodic installments
§ 5039 Duties of superintendent of financial services

Terms Used In New York Laws > Civil Practice Law and Rules > Article 50-A - Periodic Payment of Judgments in Medical and Dental Malpractice Actions

  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Verdict: The decision of a petit jury or a judge.