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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词条贡献者

译员蓉婧，欧洲知名商学院国际金融专业，专注翻译各种与美国证券法律有关的法律文件。