President Abraham Lincoln issued the Emancipation Proclamation on January 1, 1863, announcing, that all persons held as slaves within the rebellious areas are, and henceforward shall be free..
Definition of punitive damages. : damages awarded in excess of compensation to the plaintiff to punish a defendant for a serious wrong.
BREAKING DOWN 'Punitive Damages'. Punitive damages are generally taxable to the recipient, while compensatory damages are not. Punitive damages are among the most difficult type of financial redress to acquire in court, as they generally require proof of substantial and intentional injuries on the part of the defendant. RELATED TERMS.