Business / Real Estate / Damages: The indemnity recoverable by a person who has sustained an injury, either in his/her person, property, or relative rights, through the act or default of another.

Other Words for Damages

Damages Noun Synonyms: compensation, reparation, indemnity

Exemplary Damages

Business / Real Estate / Exemplary Damages: Monetary damages that go beyond the actual compensatory damages. They are awarded to punish a wrongdoer for fraudulent, malicious and wrongful conduct. MORE

Nominal Damages

Business / Real Estate / Nominal Damages: Monetary damages of a token amount awarded for a wrongful act where no loss occurred. MORE

Actual Damages

Business / Real Estate / Actual Damages: Real, substantial and just damages, or the amount awarded to a complainant in compensation for his actual and real loss or injury. MORE

Compensatory Damages

Business / Real Estate / Compensatory Damages: Monetary damages paid to compensate an injured party for a loss. MORE

Punitive Damages

Business / Real Estate / Punitive Damages: Damages awarded to one party to punish another party for dishonest conduct. Meant to deter others from committing a similar offense. MORE

Liquidated Damages

Business / Debt / Liquidated Damages: A definite amount of damages, set forth in a contract, to be paid by the party breaching the contract. A pre-determined estimate of actual damages from a breach. MORE