Losses
/ˈlɒsɪz/
Definitions
- (n.) Reductions in value, assets, or rights typically recognized in legal or financial contexts.
The company claimed damages to cover its losses from the breach.
- (n.) Monetary damages or compensation awarded for harm or injury.
The plaintiff sought losses incurred due to negligence.
Forms
- loss
Related terms
See also
Commentary
Legal usage distinguishes losses as either tangible decreases in value or as compensable harm, important in contract and tort contexts.
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.