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LSDefine

Simple English definitions for legal terms

consequential loss

Read a random definition: Maritime Court

A quick definition of consequential loss:

Consequential loss is a type of loss that happens because of damage, rather than the damage itself. For example, if a flood damages a house, the consequential loss could be the cost of temporary housing while the house is being repaired. This type of loss is different from direct loss, which happens immediately because of an event. Consequential loss can be proximate, meaning it's a natural and probable effect of the damage, or remote, meaning it's not a direct result of the damage.

A more thorough explanation:

Consequential loss is a type of loss that arises from the results of damage rather than from the damage itself. It is also known as an indirect loss or consequential injury. This type of loss is different from direct loss, which results immediately and proximately from an event.

  • If a factory is damaged by a fire, the direct loss would be the cost of repairing or replacing the damaged property. However, the consequential loss would be the loss of income from the factory being out of operation during the repair period.
  • If a car is damaged in an accident, the direct loss would be the cost of repairing or replacing the car. However, the consequential loss would be the loss of use of the car during the repair period.

These examples illustrate how consequential loss is a result of the damage rather than the damage itself. It is important to consider both direct and consequential losses when assessing the impact of an event or risk.

consequentialism | conservation

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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