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Simple English definitions for legal terms

lucrum interceptum

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A quick definition of lucrum interceptum:

Term: LUCRUM INTERCEPTUM

Definition: Lucrum interceptum, also known as lucrum cessans, is a legal term that refers to damages awarded to compensate for a loss of anticipated profit in addition to an actual realizable loss. This means that if someone was expecting to make a certain amount of money but was unable to due to someone else's actions, they may be entitled to compensation for the lost profit. It is also known as "ceasing gain" and is often used in legal cases to determine the amount of damages owed. See also DAMNUM EMERGENS.

A more thorough explanation:

Lucrum interceptum is a Latin term that means "ceasing gain." It refers to damages awarded to include a loss of anticipated profit in addition to an actual realizable loss. It is also known as lucrum cessans.

For example, if a business owner had a contract to sell 100 units of a product for $10 each, but due to a breach of contract by the buyer, the business owner only sold 50 units, they would have suffered a loss of $500 in actual realizable loss. However, if the business owner could have sold the remaining 50 units for $10 each, they would have suffered an additional loss of $500 in anticipated profit. Therefore, the total damages awarded would be $1000, including both the actual realizable loss and the loss of anticipated profit.

Another example could be a contractor who was hired to build a house for $100,000 but due to the client's breach of contract, the contractor was unable to complete the project. The contractor would be entitled to damages for the actual costs incurred in the project, as well as the loss of anticipated profit that they would have earned if the project had been completed.

These examples illustrate how lucrum interceptum is used to compensate for the loss of anticipated profit in addition to actual realizable loss.

lucrum cessans | luctuosa hereditas

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Dkk
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lilypadfrog
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lilypadfrog
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Dkk
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lilypadfrog
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your good personal friend Sam Hyde
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Dkk
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Lmfao, that would be cool but nah. Told me about him in a super secret leaked video called "Dear Elon"
lilypadfrog
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I almost saw a picture of Nick Mullen’s penis once
Dkk
20:09
Classic Season 1/2 cumtown leak.
lilypadfrog
20:09
He sent it to my friend
Well I look like a bum, use to my work computer not allowing us to send emails without a subject and sent one without a subject to UTK. Blame the newborn baby brain
20:10
@BulbasaurNoLikeCardio: wow you are really impressive applying to law school as a newborn baby
20:10
.
Dkk
20:11
@lilypadfrog: Speaking of Destiny and Nick. Still seems like Nick is leaking graphic content: https://x.com/brandonpagano/status/1881468884798365804
lilypadfrog
20:11
I read that as you sent them a pic of the baby for a second
kjds are getting crazier
texaslawhopefully
20:11
Sorry to interrupt this scintillating conversation but uchicago needs to release tmrw 😭
20:11
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20:12
sorry
are we not going to get context on nick mullen sending nudes to your friend
lilypadfrog
20:13
he was sexting anyone back in the day and she’s cute
awww
New born baby brain is what you get when you can only sleep in small increments for days straight lol and if I sent them a picture of her I would of gotten a second A so she can attend full ride
Dkk
20:18
@lilypadfrog: lol desperate guy
Trismegistus
20:18
tex i need an A tomorrow from chicago
texaslawhopefully
20:18
Me and you both
texaslawhopefully
20:19
If I get an A from Chicago, I feel like my cycle will have turned out pretty great for my goals
texaslawhopefully
20:19
If I don’t, well…I’ll be back here next year rip
Wouldn't go to Cornell? Also, what's the competitiveness expectation for next cycle?
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