Financial Loss
/ˈfaɪnænʃəl lɒs/
Definitions
- (n.) A quantifiable detriment in monetary terms resulting from damages, breach of contract, or other legal wrongs.
The plaintiff sought compensation for financial loss caused by the defendant’s negligence.
- (n.) The reduction in value of assets or income as recognized in legal claims or accounting for liabilities.
The company recorded a financial loss due to the failed investment.
Forms
- financial loss
Related terms
See also
Commentary
Financial loss often encompasses both direct monetary damage and consequential economic harm; legal definitions may vary by jurisdiction and case context.
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.