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LSDefine
Simple English definitions for legal terms
compensable
Read a random definition: National Association of Securities Dealers
A quick definition of compensable:
Term: COMPENSABLE
Definition: Compensable means that someone is able or entitled to receive compensation for an injury. This means that they can be paid money to make up for the harm that was done to them. Another word for compensable is recompensable.
A more thorough explanation:
COMPENSABLE
Compensable (kəm-pen-sə-bəl) is an adjective used to describe something that is able to be compensated or deserving of compensation. For example, an employee who is injured on the job may have a compensable injury, meaning they are entitled to receive compensation for their injury.
- A worker who is injured on the job may have a compensable injury and be entitled to workers' compensation benefits.
- A car accident victim may have a compensable claim against the at-fault driver's insurance company.
- A customer who receives a defective product may have a compensable claim against the manufacturer for damages.
These examples illustrate how something can be considered compensable if it is deserving of compensation. In each case, there is an injury or harm that has been suffered, and the person or entity responsible may be required to provide compensation to make up for the damages.