mandatory periodic payment

mandatory periodic payment

A means of apportioning damage awards to successful plaintiffs in a lawsuit, in which the money owed the plaintiff is paid as an annuity rather than as a lump sum. This form of payment is occasionally used as a means of restitution to plaintiffs in malpractice suits.
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Mandatory Mandatory periodic payment of judgment requires periodic any judgment to be paid over a period of time payment of rather than as a lump sum.
Collateral Source Rule Reform and Mandatory Periodic Payment of Judgments are not found to be statistically significant influences on the probability that a physician will relocate.
Among its sweeping provisions: a noneconomic damages cap of $250,000; mandatory periodic payments for future damages; a punitive damages cap of $250,000 or three times economic damages; and a statute of limitations that would eliminate all liability for injuries caused by careless health care or defective medical devises--even if the injury could not have been discovered when the statute runs out.
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