When do costs begin to bear interest after a judgement?

Prepare for the New Brunswick Bar Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Costs begin to bear interest from the date of judgment because the judgment is the point at which the court has determined the amount that one party is entitled to receive from another. This is a critical aspect of the legal system, ensuring that the party awarded costs can expect to be compensated for the time it takes to actually receive the awarded amount. The interest is designed to reimburse the party for the time value of money lost due to the delay in payment following the judgment.

As for the other options, the date of filing is a stage in the legal process that doesn't directly relate to the awarding of costs. The date of settlement typically refers to a negotiated resolution and would not be applicable in the context of a court judgment. The final option, which states that costs do not bear interest, is incorrect in the context of prevailing legal standards, as costs do accrue interest to encourage timely payment and provide fair compensation to the awarded party.

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