Economic damages definition

Economic damages means objectively verifiable monetary losses, including medical expenses, loss of earnings, burial costs, loss of use of property, cost of replacement or repair, cost of obtaining substitute domestic services, loss of employment, and loss of business or employment opportunities.

Economic damages means compensatory damages for pecuniary loss proximately caused by a construction defect. The term does not include exemplary damages or damages for physical pain and mental anguish, loss of consortium, disfigurement, physical impairment, or loss of companionship and society.

Economic damages means compensatory damages intended to compensate a claimant for actual economic or pecuniary loss; the term does not include exemplary damages or noneconomic damages.

Examples of Economic damages in a sentence

• Economic damages recovered under ch.655 for bodily injury or death, including any action or proceeding based on con- tribution or indemnification, shall be determined for the period during which the damages are expected to accrue, taking into account the estimated life expectancy of the person, then reduced to present value, taking into account the effects of inflation.

• Economic damages are based upon the actual expense incurred or loss of value of those items or services.

• Economic damages include: (1) loss of marital care, attention, advice, counsel, or protection; (2) loss of earnings the finder of fact determines the deceased would have provided; (3) expenses for the care of the deceased caused by the injury; and (4) reasonable funeral expenses.

• Economic damages, known as special damages, include losses such as medical and hospital expenses that can be estimated and monetarily compensated.

• Economic damages are defined as compensation determined by the trier of fact for pecuniary losses.127 Conn.

More Definitions of Economic damages

Economic damages means past lost income and future lost income reduced to present value; medical and funeral expenses; lost support and services; replacement value of lost personal property; loss of appraised fair market value of real property; costs of construction repairs, including labor, overhead, and profit; and any other economic loss that would not have occurred but for the injury giving rise to the cause of action.

Economic damages means compensatory

Economic damages means objec- tively verifiable monetary losses including but not limited to reasonable charges neces- sarily incurred for medical, hospital, nursing and rehabilitative services and other health care services, burial and memorial expenses, loss of income and past and future impair- ment of earning capacity, reasonable and necessary expenses incurred for substitute domestic services, recurring loss to an es- tate, damage to reputation that is econom- ically verifiable, reasonable and necessarily incurred costs due to loss of use of property and reasonable costs incurred for repair or for replacement of damaged property, which- ever is less.

Economic damages means compensatory damages for pecuniary loss, including costs of repair and replacement. The term does not include exemplary damages or damages for physical pain and mental anguish, loss of consortium, disfigurement, physical impairment, or loss of companionship and society.

Economic damages means pecuniary damages arising from medical expenses and medical care, rehabilitation services, costs associated with education, custodial care, loss of earnings and earning capacity, loss of income, burial costs, loss of use of property, costs of repair or replacement of property, costs of obtaining substitute domestic services, a claim for loss of spousal services, loss of employment, loss of business or employment opportunities, loss of retirement income, and other monetary losses.

Economic damages means damages, to the extent they are provided by applicable law, for: objectively verifiable pecuniary damages arising from medical expenses and medical care, rehabilitation services, mental health treatment, custodial care, loss of earnings and earning capacity, loss of income, burial costs, loss of use of property, repair or replacement of property, obtaining substitute domestic services, loss of employment, loss of business or employment opportunities, and other objectively verifiable monetary losses.

Economic damages means objectively verifiable monetary losses