Definitions for "JUST COMPENSATION"
The money or in-kind equivalent given to a property owner (typically called condemnee) by a condemning authority (typically a public body, such as: a city and called condemnor) deemed to be fair and just to both parties and that fully compensates, i.e. makes whole, the property owner for any property rights taken as a result of the condemning authorityâ€(tm)s action.
This refers to the fair and reasonable amount of money a losing defendant must pay to a winning plaintiff for loss due to accident, injury or other damages.
in a condemnation, the amount of money paid -- usually the market value price -- for real estate affected.