Damages for financial losses based on actual income and expenses are called:

Name: Damages for financial losses based on actual income and expenses are called:
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Compensatory damages are financial losses based on actual income and expenses, for example. Recovery of these losses can be awarded in a court case. Punitive damages are rewarded to punish, and nominal damages are small awards given when no major damages were suffered.

Damages for Financial Losses Based on Actual Income and Expenses