pl. Financial compensation demanded by, or directed by a court to be paid to, a claimant as compensation for a financial loss or injury to person or property. actual or compensatory damages. Damages intended to compensate for a quantifiable loss. consequential damages. Damages resulting indirectly from the act complained of. incidental damages. Under the Uniform Commercial Code, expenses reasonably incurred by either party to a transaction in caring for goods after the other party's breach of...