Definition from Nolo’s Plain-English Law Dictionary
1) The value placed on injury or damages due to an accident caused by another's negligence, breach of contract, or other wrongdoing. The amount of monetary damages can be determined in a lawsuit. 2) When expenses are greater than profits, the difference between the amount of money spent and the income.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:19 pm