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LSDefine

Simple English definitions for legal terms

loss

Read a random definition: poison pill

A quick definition of loss:

Loss is when something bad happens that makes a person feel worse or causes them to lose something valuable. This can include physical harm, emotional pain, legal trouble, or losing money. Sometimes loss is divided into two types: economic loss (losing money) and noneconomic loss (losing things like happiness or companionship). Loss can happen in many ways, like getting hurt in a car accident, paying too much for something, or receiving something of lower quality than expected. In some situations, loss can be measured in specific ways, like the difference between the value of something promised in a contract and what was actually delivered.

A more thorough explanation:

In law, loss refers to a decrease in a person's physical, emotional, legal, or financial situation. It can be divided into economic loss, which is any financial loss resulting from harm, and noneconomic loss, which includes pain, suffering, mental anguish, and other non-financial losses.

Examples of loss include:

For example, if someone is injured in a car accident, they may experience physical pain and emotional suffering, which are considered noneconomic losses. They may also incur medical bills and lost wages, which are considered economic losses.

Loss can also refer to specific types of loss, such as actual loss, actual total loss, constructive loss, direct loss, economic loss doctrine, proof of loss, and total loss. These terms are used in different legal contexts, such as insurance and contract law.

long-arm statute | loss carryover

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General

General chat about the legal profession.
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18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
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