- A familiar term in constitutional provisions and statutes granting or regulating the exercise of the power of eminent domain in the condemnation and taking of private property. Reasonable compensation. A compensation which is just, not merely to the individual whose property is taken, but to the public which is to pay for it. 27 Am J2d Em D § 266. The full and perfect equivalent of the property taken and the damages inflicted by the taking. 27 Am J2d Em D § 266. It is not the investment, but the "value of the interest" in land taken by eminent domain that is guaranteed to the owner; the government may neither confiscate the owner's bargain, nor be required to assume his loss. Kinter v United States (CA3 Pa) 156 F2d 5, 172 ALR 232.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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