Damages

Damages definition (noun)

1. Damages are any form of harm or loss suffered by an individual. Damages can be physical, monetary, or personal.

2. Damages (compensatory) is an amount of money paid to an individual or company as compensation for loss or harm.

3. Damages (punitive) is an amount of money paid by an individual or company as punishment for wrongdoing.

Appears in: Terms and Conditions