Concept information
Preferred term
compensatory damages
Definition
- Compensatory damages are those damages (i.e., a financial judgment) awarded by a court that are intended to reimburse an injured party for the harm caused by the actions of another. These damages are awarded in a wide variety of legal actions (e.g., torts, breach of contract, wrongful termination) and include harm caused to a person's property, personal well-being, and/or financial interests. [Source: Encyclopedia of Business Ethics and Society; Compensatory Damages]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/compensatory_damages
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