What does court award mean?
Asked by: Miss Zoey Moore | Last update: March 6, 2025Score: 5/5 (2 votes)
Money that's due to you as the result of a lawsuit. This money may be taxable.
Is an award the same as a settlement?
Outcome is uncertain, and compensation depends on the jury's decision. Settlements typically reflect negotiated damages, which may be lower than what a jury could award. Jury awards may include additional compensation, like punitive damages, but aren't guaranteed.
What does it mean to be awarded money in court?
If you win your case, the money the court awards you is called the judgment. You are the Judgment Creditor. The person who owes you money is the Judgment Debtor.
What does it mean when a court award costs?
Basically, a costs award is given to the party that won the lawsuit to help them recoup some of the money that they spent bringing their action. The rationale behind a costs award is simple. If you start a lawsuit, and you win, essentially that means that the court considers that you were in the right.
What is an award in a lawsuit?
If the case is taken to trial and the plaintiff wins, then the defendant is ordered to pay the plaintiff, then it's considered an award.
What does the court consider in awarding costs? Legalese Translator Ep. 26
What are court awards?
Money that's due to you as the result of a lawsuit. This money may be taxable.
What does award mean pay?
Awards are enforceable documents containing minimum terms and conditions of employment in addition to any legislated minimum terms. Awards provide pay rates and conditions of employment such as leave entitlements, overtime and shift work, amongst other workplace related conditions.
Can a court award damages?
If you prove that you were harmed, that the other party is legally responsible for that harm, and the amount o damages, then the court may award you damages that will be paid by the other side.
What is an award fee?
Award-fee provisions may be used in fixed-price contracts when the Government wishes to motivate a contractor and other incentives cannot be used because contractor performance cannot be measured objectively. Such contracts shall establish a fixed price (including normal profit) for the effort.
Why do people have to pay court costs?
People are required to pay fees to finance their prosecution, court-ordered drug treatment, probation supervision—and, even their “room and board” during incarceration.
What is the money called when you win a lawsuit?
Damages: Money that a defendant pays a plaintiff in a civil case if the plaintiff has won. Damages may be compensatory (to compensate for a loss or injury) or punitive (to punish or deter future misconduct).
What is the meaning of award money?
to give money or a prize following an official decision: Carlos was awarded first prize in the essay competition. The jury awarded libel damages of £100,000. [ + two objects ] The university has awarded her a $500 travel grant.
What is a court award of $1.00 in damages called?
First, nominal damages provide a legal remedy by enabling suit; second, $1 is itself a personal stake; and third, an award of nominal damages changes the legal relationship between the parties.
Is an award a grant?
Awards include grants and other agreements in the form of money or property in lieu of money, by the federal government to an eligible recipient.
Does a settlement mean you won?
A settlement is a contractual agreement made between two disputing parties. A settlement does not involve outside input or decision-making from a judge or jury. In an ideal situation, a settlement would be reached before the case goes to trial. However, settlements can also be reached during a trial.
What is an award equivalent to?
An Award is defined as a qualification that requires up to 130 hours to complete, and is equal to 13 credits.
What does award payment mean?
Award Payment means the amount paid to a Participant for a given Performance Year in respect of an Award.
What does it mean to receive an award?
An award is a prize or certificate that a person is given for doing something well. [...] See full entry for 'award' Collins COBUILD Advanced Learner's Dictionary. Copyright © HarperCollins Publishers.
What is an award price?
The Award Price is the share price at which your shares were awarded to you. The Award Value is calculated by multiplying the number of shares awarded to you by the Award Price.
What is a court award?
What Is a Court Award? A personal injury court award is a final judgment or decision from a court on how much money the negligent party must pay the injured person. A jury or, sometimes a judge, will make that decision.
Who pays damages in court?
In personal injury cases, the liable parties and their insurance companies are primarily responsible for paying court judgments. Identifying the party at fault for the injury usually involves detailed investigations and legal proceedings to establish negligence or wrongdoing.
What are damages in court awards?
Damages are usually monetary. They are calculated to make up for the losses that the plaintiff suffered as a result of the defendant's actions. In other words, if a plaintiff successfully proves that the defendant's conduct caused them harm, the court or jury will award them compensation in the form of damages.
What does it mean to win an award?
They are an acknowledgement of a job well done and justification for the agony, the self-doubt, and the hard work that went into winning them. Awards can make us feel proud, happy, overwhelmed, and delighted. They give us validation and boost our confidence.
What is award amount?
The total amount of funding, both federal and local shares, resulting from an award or loan commitment made by the federal agency. The combined shares of a grant including both federal and local cost-shares.
What is the legal definition of award?
An award is defined as a final judgment or decision . Generally, an award will include a declaration that one party owes another a certain amount of money. Although the term often refers to the decisions of arbitrators and juries , it can also refer to the decisions of judges .