Actual Loss
/ˈækʧuəl lɔs/
Definitions
- (n.) The concrete, measurable financial detriment actually suffered by a party due to breach or wrongdoing, as opposed to speculative or consequential damages.
The plaintiff must prove actual loss to recover damages in a contract dispute.
Forms
- actual loss
Related terms
See also
Commentary
Actual loss focuses on the tangible economic harm incurred, distinguishing it from potential or anticipated losses often disallowed in legal claims.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.