Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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
Expectation damages — are a form of damages available as a recourse to a breached contract. When a contracting party fails to fulfill their contractual duties, which causes losses to the other party, the party in breach can be liable for the losses of the other party … Wikipedia
Loss function — In statistics and decision theory a loss function is a function that maps an event onto a real number intuitively representing some cost associated with the event. Typically it is used for parameter estimation, and the event in question is some… … Wikipedia
reliance loss — Also known as wasted expenditure. An alternative test for the award of damages for breach of contract. expectation loss is the normal measure for assessing damages for breach of contract. However, provided the innocent party has good reason not… … Law dictionary
Congenital hearing loss — implies that the hearing loss is present at birth. It can include hereditary hearing loss or hearing loss due to other factors present either in utero (prenatal) or at the time of birth. Contents 1 Genetic factors 2 Hearing loss 2.1 Autosomal… … Wikipedia
Stop-loss policy — Stop loss is a term primarily used in the United States military. In the U.S. military, it is the involuntary extension of a service member s active duty service under the enlistment contract in order to retain them beyond their initial end of… … Wikipedia
Casualty loss — A casualty loss is a type of tax loss that is a sudden, unexpected, or unusual event. [IRS Revenue Ruling 79 174] Damage or loss resulting from progressive deterioration of property through a steadily operating cause would not be a casualty loss … Wikipedia
Pythagorean expectation — is a formula invented by Bill James to estimate how many games a baseball team should have won based on the number of runs they scored and allowed. Comparing a team s actual and Pythagorean winning percentage can be used to evaluate how lucky… … Wikipedia
wasted expenditure — Also known as reliance loss. An alternative test for the award of damages for breach of contract. expectation loss is the normal measure for assessing damages for breach of contract. However, provided the innocent party has good reason not to… … Law dictionary
damages — I noun amends, compensation, costs, expenses, expiation, fine, indemnification, indemnity, injury, just compensation, legal costs, legal liability, loss, penalty, recompense, recovery, reimbursement, remuneration for injury suffered, reparation,… … Law dictionary
