Examlex
Karen had been trying to solve a problem for several days when she experienced a sudden awareness of the correct solution to her problem. Karen's experience describes the concept of
Punitive Damages
Compensation awarded to a plaintiff beyond actual damages, intended to punish the defendant for egregious wrongdoing and deter similar behavior.
Compensatory Damages
Financial compensation awarded to a plaintiff to cover actual losses and harm suffered due to another party's actions or negligence.
Punitive Damages
Monetary compensation awarded in lawsuits over and above actual damages, intended to punish the defendant for particularly egregious conduct.
Policy Limits
The highest sum an insurer will disburse for a claim covered by the policy.
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