Costs
Expenses incurred in a legal, insolvency, enforcement or professional process. Depending on the rules, some costs may be added to the amount owed.
Related terms
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Legal costs
Fees and expenses connected with legal advice, court proceedings or enforcement. Responsibility for them depends on the agreement, court rules and outcome.
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Statutory interest
Interest that can be claimed because legislation or court rules allow it, rather than solely because a contract provides for it.
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Judgment debt
Money payable under a court judgment, which may be enforced if it remains unpaid.
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