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Simple English definitions for legal terms

lucrum cessans

Read a random definition: compensation

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 👎

JumpySubsequentDolphin

22:39

@splitty Oregon!

SplitterusClitterus

22:43

oh yay for what thats so random

JumpySubsequentDolphin

22:45

haha my brother and sister in law live there

SplitterusClitterus

22:46

so cutie oregon is beatiful

soyalmondoatmilk

8:38

good morning! hoping waves will come our wave today

FormerLN

8:42

GW wave today?

renard99

8:57

There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little

renard99

8:57

It could just be a baseball reference I don’t get though lol

Dkk

9:00

@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12

renard99

9:00

Yeah! They are pretty good. Three Out Change is an awesome J-rock record

Dkk

9:00

https://www.youtube.com/watch?v=RHP_9heGEKo

Dkk

9:01

I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.

Dkk

9:03

Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.

renard99

9:05

That one is a masterpiece

renard99

9:05

My favorite song by them is Recreation

glovediedthisishismom

9:05

snowing

Dkk

9:07

@renard99: man, hard to find.

Dkk

9:07

@glovediedthisishismom: Congrats on the snow.

renard99

9:10

@Dk https://youtu.be/_txDZdhaz_s?feature=shared

Dkk

9:16

@renard99: Poetic and nice.

renard99

9:42

My name is renard99 and I just sent @babycat feet pics

glovediedthisishismom

9:42

nobody is at the office today they should let little glovey go home and watch harry potter

Dkk

9:49

Lmfao, Gross

Dkk

9:49

@glovediedthisishismom: Watch it at the office!

Dkk

9:50

Proton vpn and https://en.solarmovie-official.lol/

KnowledgeableRitzyWasp

9:50

let little glovey go home!

babycat

9:55

it’s true he sent me feet pics (unsolicited!)

babycat

9:56

poor little glovey

babycat

9:56

it’s illegal to make you work on a snow day

BulbasaurNoLikeCardio

9:57

Free feet pics sounds like you saved some money

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