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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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shaquilleoatmeal
17:51
@jackfrost11770: oo interesting - I first went complete 10/25 and now the sub 11/5
shaquilleoatmeal
17:51
wonder if they'll ask for me for more info but can't think of what it would be
17:54
berk…..
shaquilleoatmeal
17:58
what about berk
18:01
i need wave
shaquilleoatmeal
18:04
call them and demand one
@shaquilleoatmeal: did you get double app complete on sub status or just one
letsseehowitgoesnow
18:11
shaq i got that for BU
shaquilleoatmeal
18:13
@Eminatorcookieeater: just one
shaquilleoatmeal
18:14
@letsseehowitgoesnow: lfg!
shaquilleoatmeal
18:14
@Eminatorcookieeater: did you get one or double??
Just one sadly
letsseehowitgoesnow
18:15
I doubt it means anything. I applied like 2 weeks ago lol
letsseehowitgoesnow
18:16
Actually nvm. I don’t have that lol
shaquilleoatmeal
18:17
@Eminatorcookieeater: I think it's still a good sign, seems like we're one stage away from a decision rolling out which is a good thing, whether an A, R, or WL lol
shaquilleoatmeal
18:17
all obviously based on that reddit post which might not be accurate
Exactly at least something is happening haha
shaquilleoatmeal
18:19
lfg just got a vandy interview
Dkk
18:26
Nice, I should get that app in.
Dkk
18:26
Good motivation.
shaquilleoatmeal
18:28
@Dkk: get that app in man, c'mon
[] baddestbunny
18:29
1.5 hours bitches
[] baddestbunny
18:32
but who’s counting?
it’s happennninnnnggg
Dkk
18:37
I will do better! @Shaq
shaquilleoatmeal
18:41
atta boy dk
[] baddestbunny
18:42
I think our opponent’s dad is mad at me
good feed off his malding
JumpySubsequentDolphin
18:52
gulc should send invites so i can take my mind off the election
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