just compensation

just compensation definition - business

just compensation

  1. Equitable pay for work that is performed.
  2. Fair reimbursement for a loss. For example, government is expected to pay full value for property that is taken for a public purpose.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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