actual damages (and special damages)

treble damages
punitive damages

Definition

Actual damages are legally determined costs for repairing something wrongfully harmed or destroyed. Special damages include indirect effects of the property destruction, such as lessened income to a business in a damaged building.

Recommended Articles from InvestorGuide.com

Related Videos

Featured Advertiser

Nearby Terms

Popular 'Lending & Credit' Terms

Related Terms

Browse by Letter: #ABCDEFGHIJKLMNOPQRSTUVWXYZ