What is the term for compensation awarded for loss, injury, or suffering?

The term for compensation awarded for loss, injury, or suffering is best represented by the term damages. When referring to legal contexts, damages specifically refers to the monetary compensation that is awarded by a court to a party that has suffered loss or injury as a result of the wrongful act of another party. This encompasses various aspects of suffering, whether it's physical, emotional, or financial.

While the term compensation can denote a broader category of awards for losses, damages is the precise legal terminology that encapsulates the concept of compensatory awards in cases of personal injury, property damage, or breach of contract. Therefore, damages is the most accurate choice when discussing compensation specifically awarded for loss, injury, or suffering in a legal framework.