punitive damages

punitive damages

noun Law.
damages awarded to a plaintiff in excess of compensatory damages in order to punish the defendant for a reckless or willful act.
Also called exemplary damages.


Origin:
1970–75
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Punitive damages is always a great word to know.
So is settle. Does it mean:
to secure property or title to a person by formal or legal process; to terminate legal proceedings by mutual consent of the parties
of or pertaining to crime or its punishment
WordNet
punitive damages

noun
(law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct) 
WordNet® 3.0, © 2006 by Princeton University.
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