Actual Damages
Barron's Business Dictionary:
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Actual Damages
Losses directly referable to a breach or tortious act; losses that can readily be proven to have been sustained, and for which the injured party should be compensated as a matter of right.
| Actual Cost, Actual Cash Value, Activist Policy | |
| Actuarial Science, Actuary, Ad Hoc |
Barron's Real Estate Dictionary:
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Actual Damages
For purposes of just compensation, losses incurred as a direct result of condemnation of private property. Does not include compensation for indirect, severance, or consequential damages.
Example: When the city took the Smiths’ land for road right - ofway, the court awarded them $100,000 for actual damages plus another $50,000 for the diminished value of the land that remained.
The land taken had a market value of $100,000 before the taking.
Example: When the city took the Smiths’ land for road right - ofway, the court awarded them $100,000 for actual damages plus another $50,000 for the diminished value of the land that remained.
The land taken had a market value of $100,000 before the taking.
| Actual Age, Active Solar Heating | |
| Ad Valorem, Ad Valorem Tax |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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