Unliquidated


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Unliquidated

Unassessed or settled; not ascertained in amount.

An unliquidated debt, for example, is one for which the precise amount owed cannot be determined from the terms of the contractual agreement or another standard.

DAMAGES, UNLIQUIDATED. The unascertained amount which is due to a person by another for an injury to the person, property, or relative rights of the party injured. These damages, being unknown, cannot be set off against the claim which the tort feasor has against the party injured. 2 Dall. 237; S. C. 1 Yeates, 571; 10 Serg. & Rawle 14; 5 Serg. & Rawle 122.

References in periodicals archive ?
In its annual audit report, COA said that Comelec has some P1.637 billion in unliquidated cash advances as of September 2018.
Both the cross-sectional area and the length of the unliquidated part of the airway behind the caving line during normal course of the longwall may be subject to changes, which has a direct impact on the ventilation conditions.
One plausible explanation for this lack of discussion is that the courts, especially the federal courts, have maintained that the payment of prejudgment interest is generally inappropriate when calculating damages on unliquidated claims such as those that rise in personal injury cases.(5)
In the same document, the COA said the Comelec had some P893.126 million in dormant trust funds, which it hasn't reverted back to the national treasury, and P931.115 million in unliquidated fund transfers for 2018.
If a creditor agrees with the debtor's scheduled amount of its claim, and the claim is not listed as disputed, contingent or unliquidated, a creditor need not file a claim.
Unliquidated obligations that are no longer needed to pay for goods and services tie up funds that could be used for other permissible purposes.
The Department of Social Welfare and Development (DSWD) has created a task force to address the unliquidated funds under the Pantawid Pamilyang Pilipino Program (4Ps).
The court added that both Syjuco and Lecciones had no civil liability since Tagipusuon Foundation no longer had an unliquidated fund transfer or grant balance with the DA Regional Field Office No.
31, 2018, the fund transfers remain unliquidated even if 19 of the 41 procurement projects should have been completed by end of 2017.
State auditors initially flagged the 2017 finances of DOLE after registering P3.5 billion of unliquidated fund.
Financial reporting issues included (1) the inability to produce accurate and timely financial statements and other financial management reports needed for oversight and day-to-day management; (2) the lack of timely and complete reconciliations needed to validate the balances of key accounts; and (3) unsupported and inaccurate reported balances for accounts payable and undelivered orders--two key accounts needed to manage and report on unliquidated obligations.