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high-low agreement

 - 1 dictionary result
Legal Dictionary

Main Entry: high–low agreement
Function: noun
: a settlement that is contingent on a jury's award of damages and that sets a minimum amount that the defendant will pay the plaintiff if the award is below that amount and a maximum amount that the defendant will pay if the award is above that amount
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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