Related Words

Compensatory Damages: Monetary damages paid to compensate an injured party for a loss.

Exemplary Damages: Monetary damages that go beyond the actual compensatory damages. They are awarded to punish a wrongdoer for fraudulent, malicious and wrongful conduct.

Liquidated Damages: A definite amount of damages, set forth in a contract, to be paid by the party breaching the contract. A pre-determined estimate of actual damages from a breach.

Nominal Damages: Monetary damages of a token amount awarded for a wrongful act where no loss occurred.

Punitive Damages: Damages awarded to one party to punish another party for dishonest conduct. Meant to deter others from committing a similar offense.

Damages: The indemnity recoverable by a person who has sustained an injury, either in his/her person, property, or relative rights, through the act or default of another.

Color Compensatory Filters: Pale colored filters used to warm or cool subject colors.

Compensatory Time-Off Plan: The practice of giving employees paid time off that can be used in the future in lieu of paying them overtime for hours worked in excess of 40 per week. While an acceptable practice in the p . . . View Full Definition

Actual Damages: Real, substantial and just damages, or the amount awarded to a complainant in compensation for his actual and real loss or injury.