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Definition of Just compensation
1. Noun. (legal) The compensation provided for property taken via eminent domain. It is usually the fair market value of the property, but may be determined by other means. ¹
¹ Source: wiktionary.com
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1. Noun. (legal) The compensation provided for property taken via eminent domain. It is usually the fair market value of the property, but may be determined by other means. ¹
¹ Source: wiktionary.com