Just Compensation

Business, Legal & Accounting Glossary

Definition: Just Compensation


Just Compensation


What is the dictionary definition of Just Compensation?

Dictionary Definition


n.

  1. in general a fair and reasonable amount of money to be paid for work performed or to make one “whole” after loss due to damages.
  2. the full value to be paid for property taken by the government for public purposes guaranteed by the Fifth Amendment to the U.S. Constitution, which states: “?nor shall private property be taken for public use without just compensation.” If the amount offered by the governmental agency taking the property is not considered sufficient, the property owner may demand a trial to determine just compensation.

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/just-compensation/
Modern Language Association (MLA):
Just Compensation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/just-compensation/.
Chicago Manual of Style (CMS):
Just Compensation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/just-compensation/ (accessed: December 01, 2022).
American Psychological Association (APA):
Just Compensation. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/just-compensation/

Definition Sources


Definitions for Just Compensation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 0 Views.