Damages: Canada Debt .ca defines Damages

Bankruptcy Term Damages

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Canada Debt has the definition to the bankruptcy and debt term Damages. Finding answers to terms such as Damages can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Damages in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Damages' is used as follows:

Cash compensation awarded by a Court to offset losses or suffering caused by another person's negligence or fault.