Compensatory Damages


Definition of "Compensatory damages"

Same as term Civil damages Awarded: sums payable to the winning plaintiff by the losing defendant in a court of law; can take any or all of these forms: general, punitive, and special.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Depreciation Recapture

Part of a capital gain constituting tax benefits previously taken and taxed as ordinary income. ...

Extensive Margin

The broad use of credit to purchase a security. ...

Services Offered Policyholders

Range of administrative and risk management services that can be purchased by an insured. Increasing ...

Holding Cost Of A House

The initial cost of a home plus any expense for final settlement that are not tax deductible plus c ...

Voluntary Deductible Employee Contribution Plan

Pension plan that allows an employee to contribute by electing to have money deducted from each payc ...

Caisson Foundation

Constructed in place by filling holes drilled through to bearing strata with concrete. ...

Related Real Estate FAQ

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Mortgage Loan Types Should you Buy a Home with Cash? How To Choose A Realtor What do Real Estate Attorneys do? Why Right Now is a Good Time for Millennials to Buy a Home

FAQ

Besides making my monthly mortgage payment, how can I build equity into my house? What is a treasury index? What do I need to know about Whole Life Insurance? What is a broker? What is a lien?