actual loss
From breach of contract:- the loss of what the promisee would have made if the contract had been performed, less the proper deductions. 22 Am J2d Damg § 47. Extent of insurer's liability under insurance on property:- the real loss is the measure of indemnity to which the insured is entitled without distinction between a total and partial loss. 29A Am J Rev ed Ins § 1538. See actual cash value.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • actual loss — ➔ loss * * * actual loss UK US noun [C] ► FINANCE, ACCOUNTING the money that is lost when something is sold, because it has gone down in value, or when costs and the effects of inflation are included: »I ll hold at the moment, because it s too… …   Financial and business terms

  • actual loss — see loss Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • actual loss — One resulting from the real and substantial destruction of the property insured …   Black's law dictionary

  • actual loss — One resulting from the real and substantial destruction of the property insured …   Black's law dictionary

  • full actual loss — The entire loss, which, in the case of goods damaged in transit, is ordinarily established by the difference between the fair market value of the goods undamaged and their fair market value as delivered in damaged condition. Meltzer v Baltimore & …   Ballentine's law dictionary

  • loss — n 1: physical, emotional, or esp. economic harm or damage sustained: as a: decrease in value, capital, or amount compare gain b: an amount by which the cost of something (as goods or services) exceeds the selling price compare …   Law dictionary

  • loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …   Black's law dictionary

  • loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …   Black's law dictionary

  • actual — ac·tu·al adj: existing in fact or reality compare constructive ac·tual·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • loss — The opposite of gain. Bloomberg Financial Dictionary * * * loss loss [lɒs ǁ lɒːs] noun 1. [countable, uncountable] the fact of no longer having something that you used to have, or having less of it: • loss of earnings through illness ˈjob loss… …   Financial and business terms

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