Depression
/dɪˈprɛʃən/
Definitions
- (n.) In law, the reduction in value, importance, or price of property, goods, or an asset, often relevant in contract or insurance disputes.
The court considered the economic depression impacting the property's market value.
- (n.) Psychological condition recognized in some legal contexts, particularly in personal injury or disability claims, where mental suffering affects damages or entitlements.
The plaintiff claimed compensation for depression caused by workplace harassment.
Forms
- depression
Related terms
See also
Commentary
In legal drafting, clearly distinguish economic depression affecting asset values from clinical depression used in tort or benefits 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.