MLchartDataset catalogue

Compensation

Term · Law · MLC-T-LAW-001117

A monetary payment awarded to a person to make amends for a loss, injury, or wrong they have suffered. This includes payments for actual damages, such as medical expenses and lost wages, as well as for non-economic harm like pain and suffering. In contract law, compensation is the remedy for a breach, while in tort law, it is the payment for damages caused by another's wrongful act.

Table 1. Record
IdentifierMLC-T-LAW-001117
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001117",
  "term": "Compensation",
  "field": "Law",
  "definition": "A monetary payment awarded to a person to make amends for a loss, injury, or wrong they have suffered. This includes payments for actual damages, such as medical expenses and lost wages, as well as for non-economic harm like pain and suffering. In contract law, compensation is the remedy for a breach, while in tort law, it is the payment for damages caused by another's wrongful act.",
  "url": "https://mlchart.com/terminology/law/compensation/"
}

Record 950 of 5,445 in Law terminology (MLC-0107). Request the full dataset.