Remittitur Legal Meaning and Definition
Here is a simplified definition of the legal term Remittitur.
Remittitur (noun): A legal term describing a judge's order that reduces the amount of damages granted by a jury verdict, specifically when the amount exceeds the claim requested by the plaintiff. For example, if a jury awards more in interest than was asked for by the plaintiff, a remittitur can be used to lower the awarded rate to match the initial claim's request.