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just compensation n
: compensation for property taken under eminent domain that places a property owner in the same position as before the property is taken see also eminent domain NOTE: Just compensation is usually the fair market value of the property taken. Attorney's fees or expenses are usually excluded.
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.