damages(redirected from Economic damages)
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Related to Economic damages: general damages, nominal damages, punitive damages, Non Economic Damages, Special damages
1. Destruction or a loss in value, usefulness, or ability resulting from an action or event.
2. damages Law Money required to be paid as compensation for an injury or wrong.
3. Informal Cost; price: What's the damage for the tickets to the show?
v. dam·aged, dam·ag·ing, dam·ag·es
To cause damage to.
To suffer or be susceptible to damage.
[Middle English, from Old French : dam, loss (from Latin damnum) + -age, -age.]
(Law) law money to be paid as compensation to a person for injury, loss, etc
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|Noun||1.||damages - a sum of money paid in compensation for loss or injury|
compensation - something (such as money) given or received as payment or reparation (as for a service or loss or injury)
relief - (law) redress awarded by a court; "was the relief supposed to be protection from future harm or compensation for past injury?"
actual damages, compensatory damages, general damages - (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated
nominal damages - (law) a trivial sum (usually $1.00) awarded as recognition that a legal injury was sustained (as for technical violations of a contract)
exemplary damages, punitive damages, smart money - (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)