pure financial loss

pure financial loss
There are legal rules, which restrict recovery of compensation for financial loss which arises without intervening physical damage or personal injury where the only loss is economic.

Easyform Glossary of Law Terms. — UK law terms.

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  • Pure economic loss — In law, economic loss refers to financial loss and damage suffered by a person such as can only be seen in balance sheets rather than physical injury to the person or destruction of property. Economic loss can be: *Consequential economic loss,… …   Wikipedia

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  • tort — /tawrt/, n. Law. a wrongful act, not including a breach of contract or trust, that results in injury to another s person, property, reputation, or the like, and for which the injured party is entitled to compensation. [1350 1400; ME: injury,… …   Universalium

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