Liability, Civil Damages Awarded
Three types of damages can be awarded to a plaintiff:
- Special Damages reimbursement for out-of-pocket expenses, including medical bills, legal charges, cost of repairing damaged or destroyed property, and loss of current and projected income.
- General Damages�reimbursement for damages that do not readily lend themselves to quantitative measurement, commonly known as"pain and suffering."
- Punitive Damages�reimbursement for damages due to gross negligence by a defendant.
Popular Insurance Terms
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Fund that contains the portion of the premium that has been paid in advance for insurance that has not yet been provided. For example, if a business pays an annual premium of $1000 on ...
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Means of projecting the costs of pension plans on a level basis over a specified future period of time. The actuarial value of each employee's future benefits to be paid at retirement is ...

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