compensatory interest
noun
: interest paid to compensate for the loss of the use of funds by an injured party in a lawsuit
We believe that a rule permitting additional damages by way of compensatory interest on pecuniary losses incurred prior to trial in personal injury actions as well as wrongful death claims is consistent with our prior case law and our liberal interest statute.
Dictionary Entries Near compensatory interest
Cite this Entry
“Compensatory interest.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/compensatory%20interest. Accessed 28 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share