pecuniary
About money or financial things, such as payments, costs, or profits.
Relating to money, payments, or financial matters.
Paid in money or measured in money, usually in law or business.
Consisting of money, or able to be calculated, paid, or compensated in money, especially in legal or financial contexts.
- Base: pecuniary
pecuniary advantage
1financial advantage, often unlawful
A financial advantage or profit that a person gets, often in an illegal or dishonest way.
- He was charged with obtaining a pecuniary advantage by deception.
- The law makes it an offence to secure a pecuniary advantage through false statements.
- The prosecution claimed she used the fake documents to gain a pecuniary advantage.
pecuniary benefit
1financial benefit received by someone
Money or a financial advantage that a person gets from something.
- The auditor must disclose any pecuniary benefit received from the client.
- They argued that the defendant obtained a pecuniary benefit through the illegal scheme.
- Employees are prohibited from accepting any pecuniary benefit from suppliers.
pecuniary compensation
1money paid as compensation
Money paid to someone to make up for a loss or injury they have suffered.
- The tribunal may order pecuniary compensation instead of reinstatement.
- Victims are entitled to pecuniary compensation for proven financial losses.
- The settlement provided pecuniary compensation but no formal apology.
pecuniary damages
1money to cover financial losses
Money that a court orders one side to pay to cover the other side’s financial losses, such as costs or lost income.
- The plaintiff was awarded pecuniary damages for loss of earnings and medical bills.
- Pecuniary damages are calculated based on actual financial loss.
- The court distinguished between pecuniary damages and compensation for emotional distress.
pecuniary gain
1money gained as benefit or profit
Money that a person or group gets as a profit or benefit from something.
- The investigation focused on whether the official sought pecuniary gain from the contract.
- He was accused of using confidential information for pecuniary gain.
- The charity guarantees that no member receives any pecuniary gain.
pecuniary interest
1a personal financial stake
A situation where a person can gain or lose money because of a decision or event.
- Members of the board must declare any pecuniary interest before taking part in the discussion.
- The councillor withdrew from the vote due to a pecuniary interest in the development project.
- Judges are required to avoid cases where they might have a pecuniary interest.
pecuniary liability
1legal responsibility to pay money
A legal responsibility to pay money, for example because of a debt or a court decision.
- The agreement limits the company’s pecuniary liability in the event of delays.
- Directors may incur personal pecuniary liability for wrongful trading.
- Insurance is designed to reduce the employer’s pecuniary liability for workplace accidents.
pecuniary loss
1financial loss measurable in money
Money lost because of damage, an accident, or another problem, which can be counted and shown in numbers.
- The company suffered substantial pecuniary loss as a result of the data breach.
- The policy covers both personal injury and pecuniary loss.
- He brought a claim for pecuniary loss arising from the cancellation of the contract.
pecuniary penalty
1fine or money-based punishment
A money payment that someone must make as a punishment for breaking a law or rule.
- Failure to file the report on time may result in a pecuniary penalty.
- The legislation introduces a maximum pecuniary penalty for repeat offences.
- Regulators can impose substantial pecuniary penalties for misleading conduct.