Financial Recovery

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January 1, 1 6 min read Definitions

Compensatory Damages Legal Compensation Actual Damages Financial Recovery Litigation Market Rent Real Estate Lease Agreements

Compensatory damages are awarded in legal cases to compensate for actual losses or damages suffered by the injured party, aiming to make them whole again. These damages cover measurable losses, such as medical expenses, lost wages, and repair costs, and do not include punitive or non-economic damages.