Economic Damages
/əˈkɑːnəmɪk ˈdæmɪdʒɪz/
Definitions
- (n.) Monetary compensation awarded for quantifiable financial losses resulting from a legal wrong or breach.
The plaintiff sought economic damages for lost wages and medical expenses.
Forms
- economic damages
Related terms
See also
Commentary
Economic damages focus on objectively measurable monetary losses, distinguishing them from non-economic damages like pain and suffering.
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.