Monetary Loss definition

Monetary Loss. (es)” means documented, unreimbursed losses relating to fraud or identity theft; professional fees including attorneys’ fees, accountants’ fees, and fees for credit repair services; costs associated with freezing or unfreezing credit with any credit reporting agency; credit monitoring costs that were incurred on or after the Data Incident through the date of claim submission; and miscellaneous expenses such as notary, fax, postage, copying, mileage, and long-distance telephone charges. Documentation supporting Monetary Losses may include receipts or other documentation, not “self-prepared” by the Claimant, that documents the costs incurred. “Self-prepared” documents such as handwritten receipts are, by themselves, insufficient to receive reimbursement, but can be considered to add clarity or support other submitted documentation.

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Examples of Monetary Loss in a sentence

• Participating Settlement Class Members may submit claims for both Documented Monetary Loss Payments and for Pro Rata Cash Payments.

• Reimbursement for Actual Monetary Loss (Extraordinary Loss Reimbursement).

• Participating Settlement Class Members are subject to an individual aggregate cap of five thousand dollars and no/100 cents ($5,000.00) for Documented Monetary Loss payments made under the Settlement.

• To receive reimbursement for any Documented Monetary Loss, Settlement Class Members must submit supporting documentation of the loss and a description of how the loss is fairly traceable to the Data Incident, if not readily apparent from the documentation.

• The type of victimization has an impact: • Some types of fraud are more likely than others to be reported to authorities: False Stockbroker Information 20% Credit Card Fraud 17% Monetary Loss (Internet) 17% Fraudulent Business Venture 12% Mortgage Fraud 12% Age and sex have an impact: • In the first FTC consumer survey, an estimated 74.5% of female victims reported their fraud to authorities, compared to 64.2% of male victims.