Loss - Law Dictionary Search Results

detriment

detriment 1 : injury loss ;also : the cause of an injury or loss 2 : a giving up of a thing or

satisfying an obligation, duty, or requirement under the law [the buyer's performance under the contract] [ proof of loss] b : proper under the law [obstructing administration of justice] 2 : capable of being attributed used with

estoppel

be adopted would unfairly harm another person who has relied on the previous position to his or her loss called also estoppel in pais NOTE: Traditionally equitable estoppel required that the original position was a misrepresentation which

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exposure

exposure 1 : the fact or condition of being exposed ;also : the possibility of loss caused by an outside source used in insurance 2 : the act or an instance of exposing 3

gain

gain 1 : an increase in value, capital, or amount compare loss capital gain : a gain realized on the sale or exchange of a capital asset (as a stock

indemnify

indemnify -fied -fy·ing [Latin indemnis unharmed, from in- not + damnum damage] 1 : to secure against hurt, loss, or damage 2 : to compensate or reimburse for incurred hurt, loss, or damage in·dem·ni·fi·er n

insurance

insurance 1 : the action, process, or means of insuring or the state of being insured usually against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a : the business of

peril

peril 1 : exposure to the risk of death, destruction, or loss 2 : the cause of a loss (as of property) [insured their home against fire, floods, and other

protest

instrument (as a note) announcing dishonor and declaring the liability of all parties to the instrument for any loss or damage arising from such action ;also : the action of making or causing to be made such

contract

based on consideration. des·ti·na·tion contract : a contract for goods stipulating that the seller assumes the risk of loss from damage to the goods until they arrive at the destination specified in the contract compare shipment contract

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