Compensatory Damages

Money awarded to a plaintiff to compensate for damages, injury, or another incurred loss. Compensatory damages are awarded in civil court cases where loss has occurred as a result of the negligence or unlawful conduct of another party. To receive compensatory damages the plaintiff has to prove that a loss occurred, and that it was attributable to the defendant. The plaintiff must also be able to quantify the amount of loss in the eyes of the jury or judge.

Compensatory damages differ from punitive damages, which may compensate over and above any loss or damage incurred and are meant to provide an incentive against repeating the act that caused the plaintiff's loss or damages.

Cases related to compensatory and punitive damages are a major source of debate in the field of health insurance, as proponents of tort reform claim that excessive damages above the actual loss incurred increase the overall cost of healthcare.

Investment dictionary. . 2012.

Look at other dictionaries:

  • compensatory damages — n: actual damages at damage 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • compensatory damages — ➔ damage1 * * * compensatory damages UK US noun [plural] (also actual damages) ► LAW the amount of money that a court orders to be paid to someone in return for something that has been lost or damaged: »The plaintiff is seeking $20 million in… …   Financial and business terms

  • compensatory damages — noun (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated • Syn: ↑actual damages, ↑general damages • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑ …   Useful english dictionary

  • compensatory damages — The damages recoverable in satisfaction of, or in recompense for, loss or injury sustained, including all damages except nominal damages, punitive or exemplary damages. 22 Am J2d Damg § 11. Damages awarded not only as a recompense for actual… …   Ballentine's law dictionary

  • compensatory damages — Law. damages, measured by the harm suffered, awarded to the injured person as due compensation. Cf. punitive damages. * * * …   Universalium

  • damages — I noun amends, compensation, costs, expenses, expiation, fine, indemnification, indemnity, injury, just compensation, legal costs, legal liability, loss, penalty, recompense, recovery, reimbursement, remuneration for injury suffered, reparation,… …   Law dictionary

  • compensatory — I adjective atoning, balancing, compensating, compensative, equivalent, expiating, expiatory, in compensation, indemnificatory, paying, propitiating, recompensive, redemptive, refunding, reimbursing, remitting, remunerative, reparative, repaying …   Law dictionary

  • damages, actual — n. Damages for actual losses and injuries sustained; also called compensatory damages or general damages. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • damages — compensatory damages присуждение к возмещению суммы убытков, которая носит компенсационный характер, т.е. включает в себя понесенный реальный ущерб, а также доказанный размер упущенной выгоды. Является антитезой штрафным убыткам (punitive damages …   Glossary of international commercial arbitration

  • damages — A pecuniary compensation or indemnity, which may be recovered in the courts by any person who has suffered loss, detriment, or injury, whether to his person, property, or rights, through the unlawful act or omission or negligence of another. A… …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.