just compensation

noun

: compensation for property taken under eminent domain that places a property owner in the same position as before the property is taken see also eminent domain

Note: Just compensation is usually the fair market value of the property taken. Attorney's fees or expenses are usually excluded.

Dictionary Entries Near just compensation

Cite this Entry

“Just compensation.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/just%20compensation. Accessed 18 Nov. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!