Post Judgment Interest Explained
Summary
Post-judgment interest in California is 10% per annum for non-contractual civil claims, such as personal injury or property damage. This means for every $100 awarded, an additional $10 is added each year until the debt is paid.Full Conversation
This is a civil claim in San Francisco California and I'd like to know what the name of the interest rate is that you get to add it into the case when you win for all the money dormant
In California, the name for the interest rate added to the judgment amount is "post-judgment interest." The current rate is *% per annum for non-contractual civil claims. Please note that this rate can change and is set by the state legislature.
Please define in dummy terms the *% annual and what the non-contractual civil claim numbers are based on please
The *% annual interest means that for every €* you win in a lawsuit, you'll get an additional €* each year until the debt is paid. Non-contractual civil claims refer to disputes not arising from a contract, such as personal injury or property damage cases.