Pure Economic Loss
/ˈpjʊər ɪˌkɒnəmɪk lɒs/
Definitions
- (n.) Financial loss suffered independently of any physical damage or injury, typically not recoverable in tort law without special circumstances.
The plaintiff sought damages for pure economic loss resulting from the defendant's negligent misstatement.
Forms
- pure economic loss
Related terms
See also
Commentary
Pure economic loss claims are subject to strict legal limitations due to concerns over indeterminate liability; courts often require a special relationship or statutory provision for recovery.
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.