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Tag: general compensatory damages

Scales of justice adorned with gold coins (actual damages) and a heart (general damages), symbolizing compensatory awards.

Compensatory Damages: Understanding the Monetary Compensation for Losses and Injuries

May 28, 2024 FinanceFacts101 Legal & Contracts

Introduction to Compensatory Damages Compensatory damages refer to monetary awards granted to a plaintiff in civil litigation, designed to restore the victim for any losses or harm suffered due to another party’s negligence or wrongful conduct. These damages are distinct from punitive and treble damages, which we will discuss later

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