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5 terms

Damages

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Compensatory Damages
an award of an amount of money that compensates a plaintiff for the injuries suffered and nothing more
Consequential Damages
Damage, loss, or injury that does not flow directly and immediately from the act of the party but only from some of the consequences or results of the act
Nominal Damages
damages awarded by a court when a successful plaintiff has proven a legal injury but no actual resulting damages
Punitive Damages
damages in excess of losses suffered by the plaintiff awarded to the plaintiff as a measure of punishment for the defendant's wrongful act
Speculative Damages
damages not founded on fact but on the expectations that a party may have hoped for from a contract that has been breached