Русско-англо-русский юридический словарь

Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence of the insured object (or in the context of living persons, their continued survival). A person has an insurable interest in something when loss-of or damage-to that thing would cause the person to suffer a financial loss or other kind of loss. (Wikipedia)

The subject matter of insurance can be any type of property or any event that may cause a loss or create a liability. (The book Risk Management and Insurance Planning by IMS PROSCHOOL)

Lost profits are “damages for the loss of net income to a business measured by reasonable certainty.” (Proving and Defending Lost Profits Damages by Hon. Martin "Marty" Lowy, Dallas Bar Association)

The English law, which in this respect, has been adopted by us, frequently requires things to be done within a reasonable time [...] A bill of exchange, for example, must be presented within a reasonable time Chitty, Bills, 197-202. An abandonment must be made within a reasonable time after advice received of the loss. (A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier.)