Just Compensation
/ˌdʒʌst ˌkɒmpənˈseɪʃən/
Definitions
- (n.) Compensation mandated by law, especially in eminent domain cases, to fairly remunerate a property owner whose property is taken by the government.
The government must provide just compensation when it seizes private land for public use.
Related terms
See also
Commentary
Just compensation often reflects fair market value but may include other factors to ensure fairness under constitutional mandates.
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.