amount of loss


amount of loss
In general, the amount for which compensatory damages are awarded. 22 Am J2d Damg § 11. In insurance, the amount of loss suffered by the insured in the destruction of or injury to the insured property. The amount of the loss is not necessarily the amount for which the insured may recover, since the coverage as to amount may be only partial.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • amount — I (quantity) noun aggregate, bulk, count, extent, magnitude, mass, measure, measurement, net quantity, number, numeration, strength, substance, sum, summa, total, whole associated concepts: amount of evidence, amount of loss foreign phrases:… …   Law dictionary

  • amount — The whole effect, substance, quantity, import, result, or significance. The sum of principal and interest. See also sum certain @ amount covered In insurance, the amount that is insured, and for which underwriters are liable for loss under a… …   Black's law dictionary

  • amount — The whole effect, substance, quantity, import, result, or significance. The sum of principal and interest. See also sum certain @ amount covered In insurance, the amount that is insured, and for which underwriters are liable for loss under a… …   Black'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

  • Amount realized — is defined by § 1001(b) of Internal Revenue Code, and is one of two variables in the formula used to compute gains and losses when determining gross income for tax purposes. The Amount Realized – Adjusted Basis tells the amount of Realized Gain… …   Wikipedia

  • Loss mitigation — [http://www.hud.gov/offices/hsg/sfh/nsc/lmmltrs.cfm [Loss Mitigation Policy Guidance] ] is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of… …   Wikipedia

  • loss — [lôs, läs] n. [ME los < pp. of losen, lesen, to LOSE] 1. a losing or being lost 2. an instance of this 3. the damage, trouble, disadvantage, deprivation, etc. caused by losing something 4. the person, thing, or amount lost 5. any reduction,… …   English World 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

  • Loss of chance in English law — refers to a particular problem of causation, which arises in tort and contract. The law is invited to assess hypothetical outcomes, either affecting the claimant or a third party, where the defendant s breach of contract or of the duty of care… …   Wikipedia