Types of Damages

Present Value

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The current worth of future payments, discounted to account for interest that could be earned over time.

In Personal Injury Cases

Future damages awards are often reduced to present value. A lump sum today is worth more than the same amount spread over many years.

Related Legal Terms

Future Damages

Compensation for losses that will continue or occur after the trial, such as ongoing medical care or lost earning capacity.

Economist (Forensic)

An expert who calculates the economic value of damages, including lost wages, lost earning capacity, and medical costs.

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Settlement calculatorUse this when the term affects damages, medical bills, wage loss, or case value.Personal injury FAQUse question-led answers when the term raises a practical insurance, deadline, or treatment question.Legal review processReview how legal definitions and resource pages are checked before they are published.

More Types of Damages Terms

Damages Compensatory Damages Economic Damages Non-Economic Damages Punitive Damages Pain and Suffering

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