Section 18.25 Interest

• Library: Tort Law 2016

Prejudgment interest is applied to a damages award to compensate the plaintiff for the use of funds between a date before trial (such as the date an offer to settle is made) and the date of the final judgment. Prejudgment interest is authorized under § 408.040, RSMo Supp. 2014. It may be ordered if the claimant has made a demand for payment and the amount of the judgment or order exceeds the demand for payment. It is calculated on the entire amount of the money due when the amount exceeds the settlement...