Home >  Blossary: Financial contracts  >  Term: damages
damages

Money paid as the normal remedy in the law as compensation for an individual or company's loss. If another type of remedy is wanted (such as an injunction - see general contract terms below) but cannot be or is not given by the court, then damages will be awarded instead.

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  • Part of Speech: noun
  • Industry/Domain: Law
  • Category: Contracts

Financial contracts

Category: Law

Total terms: 14

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