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Simple English definitions for legal terms

lucrum cessans

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A quick definition of lucrum cessans:

Lucrum cessans is a legal term that means "ceasing gain." It refers to damages that are awarded to compensate for a loss of anticipated profit in addition to an actual loss that has been realized. This term is also known as lucrum interceptum. It is often used in legal cases to determine the amount of compensation that should be awarded to a plaintiff who has suffered a loss due to the actions of another party.

A more thorough explanation:

Lucrum cessans is a legal term that means "ceasing gain." It refers to damages that are awarded to compensate for a loss of anticipated profit in addition to an actual loss that has been realized. For example, if a business owner had a contract to sell 100 products for $10 each, but due to a breach of contract by the buyer, only 50 products were sold, the business owner may be entitled to damages for the lost profit on the remaining 50 products. This lost profit is known as lucrum cessans.

lucrum | lucrum interceptum

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

TheAdoptedOne

16:02

does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today

KnowledgeableRitzyWasp

16:03

i'm a hallucination

TheAdoptedOne

16:03

the hat man

HopefullyInLawSchool

16:03

isnt r&r a t50?

KnowledgeableRitzyWasp

16:03

keep popping benadryls and ill stay online

BytchiestBunny

16:03

law school chat roulette

[] baddestbunny

16:04

living out the plot of the movie unfriended in the yale invite-only webinar

BytchiestBunny

16:04

You were only invited to round out the numbers anyway lol

Dkk

16:05

I'm too old to r&r, just gunna kms rn.

Dkk

16:05

Gotta get this show on the road.

Dkk

16:05

Lmfao

JumpySubsequentDolphin

16:05

washu stop emailing me while I’m waiting for a decision challenge

[] baddestbunny

16:05

I'm not in their webinar I just thought it would be a funny thing to have happen

[] baddestbunny

16:05

bc I have a sense of whimsy and imagination

BytchiestBunny

16:06

Ah, youre a worm gorl'

shaquilleoatmeal

16:07

battle of the bunnies

BytchiestBunny

16:08

How bout dat ASU wave

letsseehowitgoesnow

16:08

bunny hows it looking out there?

[] baddestbunny

16:08

I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers

BytchiestBunny

16:08

why

BytchiestBunny

16:08

go off queen

[] baddestbunny

16:09

which number am I rounding out? 5'4 women who deserve to be tortured?

BytchiestBunny

16:09

someone invited to the yale webinar would get it

[] baddestbunny

16:10

if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID

BytchiestBunny

16:10

what's that

BytchiestBunny

16:12

Send MA ID

BulbasaurNoLikeCardio

16:16

LawHub blocking me from status checker, guess I ain't going to law school now

BytchiestBunny

16:16

"Go touch grass" - Lawhub

BulbasaurNoLikeCardio

16:17

Pretty much lol

BulbasaurNoLikeCardio

16:18

Even though its only second check of the day

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