Compensation Determination
/ˌkɒmpənˈseɪʃən ˌdɪtəˈmɪnəʃən/
Definitions
- (n.) The process or act of evaluating and establishing the amount of monetary payment or damages owed to a party under a legal agreement or as a remedy for loss or injury.
The compensation determination was finalized after reviewing all evidence of damages.
Forms
- compensation determination
- compensation determinations
Related terms
See also
Commentary
Compensation determination is a technical term usually found in contractual and tort contexts; precise criteria and methods vary by jurisdiction and case type, so clarity in defining scope in documents is advisable.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.