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just compensation

noun

just compensation

noun
1

Law The compensation provided for property taken via eminent domain. It is usually the fair market value of the property, but may be determined by other means.

  • [...] ; nor shall private property be taken for public use, without just compensation.1789, Fifth Amendment to the United States Constitution:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.