- Principal
- The initial amount of money on which interest, returns, or tax liabilities are calculated.
- Interest rate
- The percentage charged or earned per period on the principal, expressed as an annual rate unless stated otherwise.
- Compounding
- The process by which interest is added to the principal so that subsequent interest is earned on the combined amount.
- Present value
- The current worth of a future sum, discounted at a given rate to account for the time value of money.
- Expert witness fee
- A key concept referenced by the Expert Witness Fee: Estimate expert witness fees by specialty. Medical/surgical: $400-700/hour. Engineering/technical: $250-500/hour. Forensic accounting: $300-600/hour. Trial testimony: $500-1,200/hour. Report preparation: typically 20-60 hours. Total case costs: $15,000-100,000+.
- Expert witness cost
- A key concept referenced by the Expert Witness Fee: Estimate expert witness fees by specialty. Medical/surgical: $400-700/hour. Engineering/technical: $250-500/hour. Forensic accounting: $300-600/hour. Trial testimony: $500-1,200/hour. Report preparation: typically 20-60 hours. Total case costs: $15,000-100,000+.
- Forensic expert fee
- A key concept referenced by the Expert Witness Fee: Estimate expert witness fees by specialty. Medical/surgical: $400-700/hour. Engineering/technical: $250-500/hour. Forensic accounting: $300-600/hour. Trial testimony: $500-1,200/hour. Report preparation: typically 20-60 hours. Total case costs: $15,000-100,000+.
- Medical expert witness
- A key concept referenced by the Expert Witness Fee: Estimate expert witness fees by specialty. Medical/surgical: $400-700/hour. Engineering/technical: $250-500/hour. Forensic accounting: $300-600/hour. Trial testimony: $500-1,200/hour. Report preparation: typically 20-60 hours. Total case costs: $15,000-100,000+.
- Litigation expert cost
- A key concept referenced by the Expert Witness Fee: Estimate expert witness fees by specialty. Medical/surgical: $400-700/hour. Engineering/technical: $250-500/hour. Forensic accounting: $300-600/hour. Trial testimony: $500-1,200/hour. Report preparation: typically 20-60 hours. Total case costs: $15,000-100,000+.