Русско-англо-русский юридический словарь

LOSS, contracts. The deprivation of something which one had, which was either advantageous, agreeable or commodious. (A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. )

Legal Definition of loss

1 : physical, emotional, or especially 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 profit c : something unintentionally destroyed or placed beyond recovery d : the amount of an insured's financial detriment due to the occurrence of a stipulated event (as death, injury, destruction, or damage) in such a manner as to create liability in the insurer under the terms of the policy (Merriam-Webster)