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LSDefine

Simple English definitions for legal terms

loss

Read a random definition: pateat universis per praesentes

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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