General damages
Term · Insurance and risk management · MLC-T-INS-001631
Monetary compensation awarded in a lawsuit for non-economic losses that are subjective and difficult to quantify, such as pain and suffering, emotional distress, loss of enjoyment of life, or disfigurement. These damages are not directly tied to specific financial outlays but are intended to compensate for the impact of an injury on a person's quality of life. Unlike special damages, they do not have a precise monetary value and are determined by a judge or jury.
| Identifier | MLC-T-INS-001631 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001631",
"term": "General damages",
"field": "Insurance and risk management",
"definition": "Monetary compensation awarded in a lawsuit for non-economic losses that are subjective and difficult to quantify, such as pain and suffering, emotional distress, loss of enjoyment of life, or disfigurement. These damages are not directly tied to specific financial outlays but are intended to compensate for the impact of an injury on a person's quality of life. Unlike special damages, they do not have a precise monetary value and are determined by a judge or jury.",
"url": "https://mlchart.com/terminology/insurance/general-damages/"
}
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