Doctrine in the law of negligence whereby the negligence of the parties are compared, commonly on a percentage basis. Recovery is therefore permitted, even though contributory negligence is attributed to the plaintiff.
Insurance Encyclopedia
comparative performance report (CPR)
Document that gives the annual comparison of a physician’s services and procedures to those of another doctor in the same specialty and geographical location.
Compendium
Collected information that includes standards of strength, purity, and quality of drugs. Official compendia in the United States are the United States Pharmacopoeia, the National Formulary, the Homeopathic Pharmacopoeia of the United States, and their supplements.
Compensable injury
Any trauma suffered by an employee that arises out of employment (AOE) and occurs in the course of employment (COE). This includes any aggravation or acceleration, because of employment, of a preexisting physical or mental condition or pathology.
Compensating balances plan
A plan wherein premiums are paid by a business to the insurance company. The insurance company then deposits the premium, minus some costs, into a bank account in the insured’s name. The insured business can make withdrawals from these funds.
Compensation
Wages, salaries, awards, fees, commissions, financial returns of any kind.
Compensation (comp)
1. Monetary payment for work performed or services rendered. 2. Used variously to refer to the workers’ compensation law, compensation benefits generally, or compensation payments.
Compensatories
See: compensatory damages.
Compensatory damages
MEDICAL,USA: Monetary payment awarded in court for actual loss or injury to a person or property sufficient in the amount to indemnify the injured person for the loss suffered. Also called compensatories.
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The award, usually monetary, that is intended to compensate the claimant for injury sustained. In addition to actual loss or injury, this term may include amounts for expenses, loss of time, bodily suffering and metal suffering but does not include punitive damages.
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The total of monetary loss experienced by the injured party are compensatory damages and can include special damages and general damages. The distinction between special damages and general damages is that the former can be calculated accurately from the records of actual expenses incurred or financial losses (e.g., loss of salary etc.) suffered whereas the letter are estimated by courts taking into account a number of factors relevant to individual cases.
Compensatory damages (Legal Terminology)
Damages awarded to the insured for a loss or injury he or she has suffered. This may include damages given for mental or physical suffering, time lost, or expenses.