What does Prejudgment Interest mean? Read on to discover the definition & meaning of the term Prejudgment Interest - to help you better understand the language used in insurance policies.
Interest accruing on the amount of a legal award from the time of the injury or damage to the time the judgment is entered by the court. Prejudgment interest, when awarded as part of a judgment against the insured, is covered by the supplementary payments provision of standard general liability policies.
We hope the you have a better understanding of the meaning of Prejudgment Interest.