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Which of the following types of financial damages are awarded to deter the defendant and other entities from similar actions rather than compensate the victim for the losses?
Punitive
Statutory
Nominal
Compensatory
Punitive damages or exemplary damages are damages intended to reform or deter the defendant and others from engaging in conduct similar to that which formed the basis of the lawsuit. Although the purpose of punitive damages is not to compensate the plaintiff, the plaintiff will receive all or some portion of the punitive damage award.
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