Damages definition

Financial compensation 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.

Or compensatory 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.