The money paid or awarded to a claimant (in England), a pursuer (in Scotland) or a plaintiff (in the US) in a civil action as compensation for a loss suffered by the same.
Repayment; compensation for loss or injury.
An obligation or duty upon an individual to incur the losses of another.
The right of an injured party to shift the loss onto the party responsible for the loss.
Security from damage, loss, or penalty.
A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.