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compensatory damages

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
compensatory damages
Damages intended to compensate the injured party for the harm suffered.Contrast with punitive damages to punish the wrongdoer,and nominal damages awarded to recognize that a right was violated or a duty breached,but no harm done.


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Compensatory damages are those which are most directly related to a contractor's failure to complete a project.
4 million in compensatory damages and another $65 million in punitive charges.
paid in settlement of the taxpayer's actual or potential liability for a fine or penalty (civil or criminal)"; it also states that compensatory damages do not constitute a fine or similar penalty.
 
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