Damage Quantification
/ˈdæmɪdʒ ˌkwɒntɪfɪˈkeɪʃən/
Definitions
- (n.) The process of assessing and calculating the monetary value of harm or loss caused by a breach of contract, tort, or other legal wrong.
The expert witness provided a detailed damage quantification to support the claimant's compensation claim.
Forms
- damage quantification
Related terms
See also
Commentary
Damage quantification is crucial in determining accurate and just compensation; precision and reliance on evidentiary support enhance enforceability.
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.