<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/R8A4jLWkG2KpI6wfAznsSCx">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RDbz1PVc6y57oOb9jAIl0eN"/>
  <rdfs:label>Remittitur</rdfs:label>
  <skos:altLabel>Court-Ordered Damages Decrease</skos:altLabel>
  <skos:altLabel>Decreased Damages Award</skos:altLabel>
  <skos:altLabel>Judicial Reduction In Damages</skos:altLabel>
  <rdfs:seeAlso rdf:resource="https://folio.openlegalstandard.org/R7x6g9iAXmUiJlXphvLtQcO"/>
  <skos:definition>Remittitur refers to a court's power to reduce the amount of damages awarded by a jury if the judge finds the award excessive. This practice is used to prevent the need for a new trial by offering the plaintiff the option to accept a lower amount.</skos:definition>
</owl:Class>
