damages [plural]
► LAW money that a person or organization is ordered by a court of law to pay to another person or organization because they are responsible for harming them in some way: »
They want the rival company to withdraw the product and pay damages.
£140,000/$12 million, etc. in damages »Juries have been handing out millions of dollars in damages for minor injuries.
»A party failing to fulfil their part of the contract will presumably be liable for damages.
award damages (to sb) »In addition to the damages awarded to Robertson, his wife was awarded $500,000.
claim/seek/sue for damages (for sth) »He was seeking damages for breach of contract,.
be awarded/receive/recover damages (for sth) »If the odds of survival fell because of a missed diagnosis, victims would be able to try to recover damages.
Main Entry: ↑damage
Financial and business terms. 2012.