Definition from Nolo’s Plain-English Law Dictionary
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 Fifth Amendment to the U.S. Constitution.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:18 pm