punitive damages



  • Damages are awarded by a judge to a plaintiff not merely to compensate the plaintiff for losses incurred, but to punish the defendant for wrongful conduct and to use the plight of the defendant as an example to potential wrongdoers. See also exemplary damages.


  • An amount levied on a floor trader to punish outrageous conduct on the trading floor. Punitive damages result from a trader displaying untoward conduct which disrupts the normal flow of trading and distracts other traders on the exchange floor.


  • plural noun heavy damages which punish the defendant for the loss or harm caused to the claimant, awarded to show that the court feels the defendant has behaved badly towards the claimant.