The phrase "monetary compensation" refers to receiving money or financial payment in exchange for something, such as work, services, or damage. Full definition
If successful, the injured worker could receive monetary compensation for lost wages, medical expenses, and pain and suffering. (howardlawpc.com)
In addition to replacing the lost future earning capacity of the deceased, these damages are intended to help family members recover monetary compensation for funeral and burial expenses. (davispersonalinjury.com)
At the upper limits of monetary compensation for injuries, awards are tied to the insurance available on the claim. (injurylaworegon.com)