- 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. Anderson, W.S.. 1998.
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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
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
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
Loss function — In statistics and decision theory a loss function is a function that maps an event onto a real number intuitively representing some cost associated with the event. Typically it is used for parameter estimation, and the event in question is some… … Wikipedia
actual total loss — This term as used in marine insurance means just what it implies, a total and actual loss to the insured of the subject matter of the insurance. To enable the insured to recover for a total loss, there must be a total destruction of value. It is… … Ballentine's law dictionary