Home >  Blossary: Financial contracts  >  Term: remedy
remedy

Payments or actions ordered by the court as settlement of a dispute. The most common is damages (a payment of money). Others include specific performance (of an action required in the contract), injunction (see the general contract terms above) and rescission - putting things back to how they were before the contract was signed.

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  • Part of Speech: noun
  • Industry/Domain: Law
  • Category: Contracts

Financial contracts

Category: Law

Total terms: 14

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