UK Accounting Glossary
something (such as money) given or received as payment or reparation (as for a service or loss or injury).
Something, typically money, awarded to someone as a recompense for loss, injury, or suffering.
A pecuniary remedy that is awarded to an individual who has sustained an injury in order to replace the loss caused by said injury. More than one type of damages (e.g. direct, incidental, and punitive) may be awarded for a single injury.
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This glossary post was last updated: 6th February 2020.