What does trending Compensation debt mean?
What does indemnity debt mean?
Compensation is an obligation to pay the damage caused by a person's own fault due to tortious act. Compensation is a self-inflicted debt. It is a result of the Law of Obligations. It is replacing what has been diminished.
What does it mean to pay compensation?
Compensation is defined as certain or unexpected damage or loss (usually the amount of the damage itself) up to a certain limit. It is a compensatory payment. Insurance companies provide coverage in return for the premiums paid by the insured.
What does material and moral compensation mean?
Material compensation is the demand for a decrease in a person's assets. The court will determine the compensation value as much as the damage suffered by the person, it will not rule more. Non-pecuniary damages, on the other hand, are demanded on behalf of the person's pain and sorrow due to the wrongful act.
What is the liability for compensation?
WHAT IS COMPENSATION? It is the price paid in return for the material or moral damage caused as a result of an unlawful act. In other words, compensation is a monetary value or performance that is paid by the responsible person to the injured party or decided to be paid by the court in order to compensate the damages.
What are the types of compensation?
· Severance pay, · notice indemnity, · annual leave receivable, · bad faith compensation, etc.
What is the indemnity payment?
In cases exceeding three hours Resident subscribers have to pay 25 TL and other subscribers 60 TL. The service, which has been stopped due to debt and/or user error, must be restarted within a maximum of 3 working days after the cause of the interruption of the service is eliminated.
How is material and non-pecuniary compensation determined?In our law, the task of determining the amount of non-pecuniary damage is left to the discretion of the judge. In cases where the law gives discretion, it is stated in Article 4 of the Civil Code that the judge will decide in accordance with the law and justice (with right and grace).
What does pecuniary compensation mean?
Material compensation; Lawsuits are filed against people who are unlawfully harmed, their assets are reduced and they are affected by the event.
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