[...] ; nor shall private property be taken for public use, without just compensation.
Wikipedia foundation.
just compensation — n: 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 ◇ Just compensation is usu. the fair market value of the property taken. Attorney s… … Law dictionary
just compensation — Compensation which is fair to both the owner and the public when property is taken for public use through condemnation (eminent domain). Consideration is taken of such criteria as the cost of reproducing the property, its market value, and the… … Black's law dictionary
just compensation — Compensation which is fair to both the owner and the public when property is taken for public use through condemnation (eminent domain). Consideration is taken of such criteria as the cost of reproducing the property, its market value, and the… … Black's law dictionary
Just compensation — is required to be paid by the Fifth Amendment to the U.S. Constitution (and counterpart state constitutions) when private property is taken (or in some states, damaged) for public use. For reasons of expedience, courts have been generally using… … Wikipedia
Just Compensation — Compensation provided to an owner whose private real property is seized by the government s power of eminent domain, which allows it to take such property for public use. For example, when the national highway system was being constructed in the… … Investment dictionary
just compensation — A familiar term in constitutional provisions and statutes granting or regulating the exercise of the power of eminent domain in the condemnation and taking of private property. Reasonable compensation. A compensation which is just, not merely to… … Ballentine's law dictionary
Compensation — • Denotes the price paid for human exertion or labour Catholic Encyclopedia. Kevin Knight. 2006. Compensation Compensation † … Catholic encyclopedia
compensation — com·pen·sa·tion /ˌkäm pən sā shən/ n 1: the act of compensating 2 in the civil law of Louisiana: the ending of mutual obligations between two people for money or quantities of fungible things usu. by operation of law but sometimes by an agreement … Law dictionary
just — adj [Latin justus lawful, merited, from jus right, law]: conforming to law or to the underlying principles of law: as a: conforming to reason or a standard of correctness just sanctions cannot be excessive in relation to the offense b: conforming … Law dictionary
compensation — Indemnification; payment of damages; making amends; making whole; giving an equivalent or substitute of equal value. That which is necessary to restore an injured party to his former position. Remuneration for services rendered, whether in salary … Black's law dictionary
