compensatory amount
Defined in 1 place of the United States Code.
For purposes of this section, the term “compensatory amount” means the amount received or accrued during the taxable year as damages as a result of an award in, or in settlement of, a civil action for recovery for a compensable injury, reduced by any amounts paid or incurred in the taxable year in securing such award or settlement.
Source
- 1994–present26 U.S.C. § 186Internal Revenue Code · Recoveries of damages for antitrust violations, etc. · for purposes of this section