Simple English definitions for legal terms
Read a random definition: Madrid System
Land damages refer to compensation paid by the government to a property owner whose land has been taken under eminent domain. This compensation is usually the fair market value of the property, so the owner is not worse off after the taking. Compensation is payment for work done, including wages, benefits, and other remuneration. Unemployment compensation is paid to people who have been laid off, and deferred compensation is payment for work to be done in the future. Just compensation is a payment made by the government to property owners whose land has been taken under eminent domain.
Land damages refer to compensation paid by the government for property it has taken under eminent domain. This compensation is usually the fair market value of the property, so that the owner is theoretically no worse off after the taking. It is also known as just compensation or adequate compensation.
These examples illustrate the different types of compensation that exist. Just compensation is paid by the government for property taken under eminent domain, deferred compensation is payment for work that will be paid in the future, and unemployment compensation is paid to those who are unemployed.