Economic loss definition

Economic loss means any of the following types of pecuniary harm:
Economic loss means economic detriment consisting only of allowable expense, work loss, replacement services loss and, if injury causes death, dependent's economic loss and dependent's replacement service loss. Noneconomic detriment is not loss, but economic detriment is loss although caused by pain and suffering or physical impairment.
Economic loss means any economic detriment suffered by a victim of a delinquent act or juvenile traffic offense as a direct and proximate result of the delinquent act or juvenile traffic offense and includes any loss of income due to lost time at work because of any injury caused to the victim and any property loss, medical cost, or funeral expense incurred as a result of the delinquent act or juvenile traffic offense. "Economic loss" does not include non-economic loss or any punitive or exemplary damages.

Examples of Economic loss in a sentence

  • CHOICE OF LAW AND INTERNAL ASPECTS OF NETWORKS 1: RELATIONS BETWEEN CONTRACTUALLY BOUND NETWORK MEMBERS addition, the rules of jurisdiction in contract and tort are difficult to apply to transnational contractual networks whenever the performance of the contract or the harmful event occur in more than one State: see U Grušić, ‘Jurisdiction in Complex Contracts under the Brussels I Regulation’ (2011) 7 JPIL 321; M Lehmann, ‘Where does Economic Loss Occur?’ (2010) 7 JPIL 527.


More Definitions of Economic loss

Economic loss means loss of profits, revenues, interest, business, goodwill or commercial, market or economic opportunity, whether direct or indirect and whether or not foreseeable. For the avoidance of doubt, our margin and administration fee are not Economic Losses and shall not be construed as such;
Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include non-economic loss or any punitive or exemplary damages.
Economic loss means economic detriment consisting only of allowable expense, work loss, funeral expense, unemployment benefits loss, replacement services loss, cost of crime scene cleanup, and cost of evidence replacement. If criminally injurious conduct causes death, economic loss includes a dependent's economic loss and a dependent's replacement services loss. Noneconomic detriment is not economic loss; however, economic loss may be caused by pain and suffering or physical impairment.
Economic loss means pecuniary loss, as defined in section 94923 of the Code. Economic loss also includes any “educational opportunity loss.”
Economic loss means loss of profits, interest, business, goodwill or commercial, market or economic opportunity, whether direct or indirect and whether or not foreseeable. For the avoidance of doubt, our margin or management and administration fees and any Mark to Market Loss are not Economic Losses and shall not be construed as such;
Economic loss means any loss of profits, revenues, interest, business goodwill, or commercial, market, or economic opportunity, whether direct or indirect, and whether or not foreseeable.
Economic loss means any loss of profit, loss of revenue, loss of product, loss of expected savings, loss of income, rent or holding costs, loss of expected production, opportunity costs, loss of business (including loss or reduction of goodwill or opportunity), and damage to reputation from or related in any way to the Agreement or its subject matter, whether actual, direct, indirect, anticipated or otherwise.