Damages

Definition: Money awarded or recoverable as a legal remedy for a loss or injury, subject to the applicable legal standard.

Example

A party seeks compensation for losses caused by a proven breach of a purchase contract.

Keep the distinction clear

Damages differ from specific performance, which seeks the promised act. Liquidated damages are an agreed contractual amount or method, subject to enforceability rules.

Related terms

Liquidated Damages · Specific Performance · Contract

Keep studying

Valid, Void, Voidable, and Unenforceable Contracts

References: California DRE: real estate glossary

Pronunciation (US): DAM-ih-jiz (capitals show stress)

Pronunciation reference: Merriam-Webster