Pecuniary compensation meaning
Web1 day ago · Financial compensation definition: Compensation is money that someone who has experienced loss or suffering claims from the... Meaning, pronunciation, translations and examples WebThe definition of the word pecuniary is relating to money. In the context of a breach of contract, any losses which can be measured in financial terms will be seen as pecuniary. Pecuniary losses are sometimes referred to as ‘economic damages’. Pecuniary losses come in a number of forms, some of which are: Lost revenue; Lost wages;
Pecuniary compensation meaning
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WebOct 15, 2024 · The definition is intent-based and intentionally flexible in recognition of the many possible factual situations and business models that may exist now or develop later. Clear-cut rules exist even though there may be gray areas, and debates have ensued over its … WebJan 14, 2024 · In a more general sense, compensation can mean anything of value given to make up for a loss, such as a paid dinner to “compensate you for your time and trouble”. …
WebCompensatory damages pay victims for out-of-pocket expenses caused by the discrimination (such as costs associated with a job search or medical expenses) and compensate them for any emotional harm suffered (such as mental anguish, inconvenience, or loss of enjoyment of life). WebDefinitions of pecuniary adjective relating to or involving money “he received thanks but no pecuniary compensation for his services” synonyms: monetary VocabTrainer™ Think you know valor? Answer a question to start your personalized learning plan. ASSESSMENT: 100 POINTS valor means : courage hospitality wealth promptness
WebAnnual Cash Compensation means the sum of (i) the Executive’s Annual Base Salary (determined as of the time of the Change in Control of the Company or, if higher, … Webcompensation 1 a monetary payment for loss or damage. 2 in Scotland, the right to set off one debt against another with the effect of reducing the one by the amount of the other. The right is not available after decree. It applies only to liquid debts or, at the discretion of the court, debts easily made liquid.
WebDefinitions of pecuniary compensation. money that is given for a loss or injury which has been suffered; damages. Nothing other than pecuniary compensation will be acceptable. …
Webv. t. e. At common law, damages are a remedy in the form of a monetary award to be paid to a claimant as compensation for loss or injury. [1] To warrant the award, the claimant must show that a breach of duty has caused foreseeable loss. To be recognised at law, the loss must involve damage to property, or mental or physical injury; pure ... hochtief officecloudWebApr 12, 2024 · Indemnity is compensation for damages or loss, and in the legal sense, it may also refer to an exemption from liability for damages. The concept of indemnity is based on a contractual agreement ... hochtitrationWeb1 : consisting of or measured in money pecuniary aid pecuniary gifts 2 : of or relating to money pecuniary needs pecuniary rewards pecuniarily pi-ˌkyü-nē-ˈer-ə-lē adverb Did you know? Pecuniary first appeared in English in the early 16th century and comes from the … hochtief offer