Travel Industry Dictionary Find Definitions Center Rule Travel Words Start with G
A Travel Words B Travel Words C Travel Words D Travel Words E Travel Words F Travel Words G Travel Words H Travel Words I Travel Words J Travel Words K Travel Words L Travel Words M Travel Words M Travel Words O Travel Words P Travel Words Q Travel Words R Travel Words S Travel Words T Travel Words U Travel Words V Travel Words W Travel Words X Travel Words Y Travel Words Z Travel Words Number Travel Words

Define Liquidated Damages Clause

liquidated damages clause. In a contract between a travel agency and a GDS vendor, a stipulation that should the agency switch vendors before the contract expires, the original vendor will be due payment for the fees it would have received had the contract remained in effect for its full length.

To find the abbreviation, acronym, or term you’re looking for, use the Search box (below) or click on any letter (above).