Loss Evaluation
/ˈlɒs ˌɛvəˈluːeɪʃən/
Definitions
- (n.) The process of assessing the monetary extent of loss or damage suffered by a party, often used in legal claims and insurance contexts.
The court ordered a loss evaluation to determine the compensation owed to the plaintiff.
- (n.) An expert assessment conducted to quantify loss for purposes of litigation or settlement.
The insurance company relied on the loss evaluation to calculate the payout amount.
Forms
- loss evaluation
Related terms
See also
Commentary
Loss evaluation commonly appears in insurance and tort law contexts; precise definitions may vary based on jurisdiction and subject matter, so clarity in drafting is advised.
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.