stipwaarde

Stipwaarde is a Dutch term used in legal and financial language to denote a fixed value that is agreed in advance and serves as a reference point for obligations, settlements, or valuations under a contract or policy. The word derives from stipuleren (to stipulate) and conveys the idea of a predetermined amount that does not depend on later fluctuations.

In legal contexts, stipwaarde often appears in clauses that specify the amount payable if a party fails to fulfill a contractual obligation or breaches a clause. This fixed sum can function as a penalty, compensation, or liquidated damages, providing clarity and predictability in the event of non-performance.

In financial and insurance contexts, stipwaarde may refer to the agreed-upon amount used for settlement or indemnification purposes. It can represent the insured value or a fixed settlement sum within the contract, in contrast to values that fluctuate with market conditions.

The exact interpretation and rules governing stipwaarde can vary by sector, contract, or jurisdiction. Therefore, it is important to consult the specific contract language and applicable legal definitions to determine the precise scope and application of stipwaarde in a given setting.