Definition of compensatory interest
: interest paid to compensate for the loss of the use of funds by an injured party in a lawsuit We believe that a rule permitting additional damages by way of compensatory interest on pecuniary losses incurred prior to trial in personal injury actions as well as wrongful death claims is consistent with our prior case law and our liberal interest statute. — Bond v. City of Huntington, 276 S. E.2d 539 ( 1981)
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First Known Use of compensatory interest
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