What is the difference between a liquidated debt and an unliquidated debt?

In: Major Companies

[Edit]

The difference between an unliquidated debt and a liquidated debt is this:

Liquidated Debt: A debt that has an exact monetary value.

Unliquidated Debt: A debt that is undisputed as to its amount, but still under the liability of the debtor.

Each one of these debts has a statute of limitations to it. I believe they stand at 3 years for liquidated debt, and 6 years for unliquidated debt. These numbers are for Colorado and can change from state to state based on their rulings.

First answer by Shaggsbud. Last edit by Shaggsbud. Contributor trust: 14 [recommend contributor]. Question popularity: 12 [recommend question]

Also see on Answers.com

Liquidated Debt (business term)
Debt (in finance)

Research your answer:

Can you answer other questions about major companies and corporations?

Answers.com > Wiki Answers > Categories > Business and Finance > Business > Major Companies > What is the difference between a liquidated debt and an unliquidated debt?

Our contributors said this page should be displayed for the questions below. (Where do these come from

)

If any of these are not a genuine rephrasing of the question, please help out and edit these alternates.

What is liquidated debt? What is meant by liquidated debt? What is the definition for liquidated debt? What is the difference between a liquidated debt abd an unliquidated debt? What is the validity of an agreement by a creditor to accept a lesser sum in full satisfaction of a liquidated debt or unliquidated debt? Is partial payment of debt valid consideration depending on whether the debt is liquidated or unliquidated?