Background

In this article, we wish to examine the possible methods of adjusting the value of damages to reflect current day monetary values. The main question is: What reasonable rate of interest accruing from the date of loss needs to be applied to account for the passage of time? Thus the principal aims of the article are: (1) to identify standards from the fields of economics and finance that may be employed to achieve this purpose; (2) to recommend the most appropriate financial basis on which the actualization may be carried out; and (3) to formulate arguments to support the ...