additur
Definition
The order of a trial court made to increase the damages that are awarded by a jury. Done to prevent the plaintiff from appealing on the grounds that inadequate damages have been awarded. The court is not able to issue this order without the consent of the defendant. Can also mean the actual increase itself, the procedure by which it is done, and the power of the court to issue the order.
Related Articles
- Common and Preferred Stock *
- Four Ways to pay for a Higher Education *
- Investing In Costa Rican Property *
- "Buy Call" Option Investment Strategy *
- Short-Term Investment Choices *
- Introduction to Banking *
- "Sell Butterfly" Option Investment Strategy *
- Introduction to Mutual Funds and their Advantages *
Related Videos
http://www.businessdictionary.com/definition/additur.html
