Legal Definition and Related Resources of Amount of loss
Meaning of Amount of loss
In Insurance. The diminution, destruction, or defeat to the insured of the value of, or of the charge upon, the insured object, by the direct conr sequence of the operation of the risk insured against, according to its valuefin thte policy, or in contribution for loss, io tat as its value is covered by the insurance/ 2 Phil. Ins. cc. 25-27; 2 Pars. Mar. Law, c. 10, § 1, cc. 11, 12; 9 Cush. (Mass.) ,415; 1 Gray (Mass.) 371; 26 N. H. 389; 31 N. H. 238; 5 Duer (N. Y.) 1; 1 Dutch. (N. J.) 506; 6 Ohio St. 200; 5 R. I. 426; 2 Md. 217; 7 El. & Bl. 172.
What does Amount of loss mean in American Law?
The definition of Amount of loss in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
In general, the amount for which compensatory damages will be awarded. In insurance law, the diminution in value due to an insured cause, some or all of which may be paid by the insurer.
Browse
You might be interested in these references tools:
Resource | Description |
---|---|
Amount Of Loss in the Dictionary | Amount Of Loss in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Amount Of Loss |
Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
Related topics | Amount Of Loss in the World Encyclopedia of Law |
Notice
This definition of Amount Of Loss Is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
Vocabularies (Semantic Web Information)
Resource | Description |
---|---|
Topic Map | A group of names, occurrences and associations |
Topic Tree | A topic display format, showing the hierarchy |
Sitemap Index | Sitemap Index, including Taxonomies |
https://legaldictionary.lawin.org/amount-of-loss/ | The URI of Amount Of Loss (more about URIs) |
Leave a Reply