economic loss

A monetary loss such as lost wages or lost profits.

• The term usu. refers to a type of damages recoverable in a lawsuit. For example, in a products-liability suit, economic loss includes the cost of repair or replacement of defective property, as well as commercial loss for the property’s inadequate value and consequent loss of profits or use. [Cases: Damages 36, 40(1). C.J.S. Damages §§ 53, 58, 61; Torts§ 26.]


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译者Peter,毕业于亚洲顶尖的高级翻译学院,擅长翻译各种与复杂金融产品相关的法律文件。
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