economic damages
Monetary harm awarded
Economic damages are monetary losses that can be precisely calculated in legal claims—medical bills, lost wages, property repair costs, diminished earning capacity.
Courts distinguish these from non-economic damages like pain and suffering, which lack objective measures.
The jury awarded $2.3 million in economic damages to cover her future medical care and lost income.
- medical expensesFees for treatment
- lost wagesUnearned pay owed
- loss of earningsWages not received
- compensationPayment for services rendered
- monetary reliefFunds provided for hardship
foreseeability · liability · civil litigation · forensic accounting · tort law · causation · cost-benefit analysis · repair costs · negligence · business interruption · market valuation · breach of contract · expert testimony · restitution · out-of-pocket expenses · settlement agreements · inflation adjustment · legal precedent
- tort lawtort, tort law, negligence, duty of care, breach of duty
- damagescompensatory, punitive, nominal, actual, lost revenue
- forensic evidenceDNA evidence, fingerprints, DNA, blood, DNA testing
- lawsuitslawsuit, litigation, civil suit, suit, court case
economic damagespain and suffering
Distress from harm
mental anguish · reputational harm · emotional distress · psychological trauma · humiliation
economic damagesprofits
Financial surplus after costs
financial recovery · income · earnings · winnings · economic growth
economic, economics, economical, economically, economist, economists, economy, economies, economize