Money paid in compensation for loss or injury (7)
I believe the answer is:
damages
'money paid in compensation for loss or injury' is the definition.
(I've seen this before)
This is the entire clue.
(Other definitions for damages that I've seen before include "Hurts" , "Money paid in compensation for loss or injury" , "Harms" , "weakens" , "Money awarded as compensation" .)