demanded by, or directed by a court to be paid to, a claimant as compensation
for a financial loss or injury to person or property.
damages. Damages intended to compensate for a quantifiable loss.
Damages resulting indirectly from the act complained of.
Under the Uniform Commercial Code, expenses reasonably incurred
by either party to a transaction in caring for goods after the other party’s
breach of the contract.
A contractually agreed upon amount to be paid in the
event of a breach of the contract, in lieu of performance or quantification of
actual damages sustained.
A small or insignificant amount of money awarded by a court or
jury to demonstrate that a defendant is at fault, but that the injury sustained
was minor or non-existent.
Damages awarded by a court or jury, typically in addition to actual damages, when
the party against whom the award is made is deemed to have behaved egregiously;
for example, with particular recklessness or malice.
Damages claimed for possible future harm. These are considered
uncertain or impossible to prove and generally are not awarded.
A tripling of the actual damages, generally awarded pursuant to
a law or statute; intended to deter bad conduct.