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prejudgment interest

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. See also Post-judgment interest.

Links for IRMI Online Subscribers Only: CLI V.G; PRMI 5.D, 11.B


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