Damage Calculation
/ˈdæmɪdʒ ˌkælkjʊˈleɪʃən/
Definitions
- (n.) The process of quantifying monetary compensation for harm or loss caused by a party's wrongful act or breach of duty.
The court conducted a damage calculation to determine fair compensation for the plaintiff's injury.
Forms
- damage calculations
Related terms
See also
Commentary
Damage calculation is crucial in determining the financial remedy in civil litigation and requires careful assessment of causation and extent of loss.
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.