sopimussakko — meaning in English
Finnish → English · translate English → Finnish instead
English meaning
- contingency noun An event or circumstance that might happen but is not certain; a possible future situation planned for in advance.
Senses
sopimussakko is used for these senses in English:
- contingency (finance, countable) An amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if he or she does not fulfill the contract according to the specification.
- liquidated damages (legal) An amount owed to a plaintiff in a lawsuit by the defendant that is determined by operation of law, such as the unpaid amount in a breach of contract.