Just Compensation Law and Legal Definition

Just compensation for a taking means "the full monetary equivalent of the property taken. Payment of just compensation is an effort to put the claimant, from his own viewpoint, "'in as good a position pecuniarily as if his property had not been taken." Wash. Legal Found. v. Tex. Equal Access to Justice Found., 270 F.3d 180, 199 (5th Cir. Tex. 2001)