economic loss
Monetary setback suffered
Economic loss is financial harm or damage, especially as distinguished from physical injury or property damage.
In legal contexts, the term often appears in discussions of negligence claims and liability: The company sought compensation for economic loss caused by the supplier's breach.
Pure economic loss—financial damage without accompanying physical harm—receives different treatment across jurisdictions.
- causationProduction of effects
- damagesCompensation for injury
- foreclosureLender seizes mortgaged property
- recessionProlonged economic decline
- depreciationAsset value reduction over time
negligence · coverage · loan default · liquidity · debt · write-off · unemployment · insolvency · sunk cost · pain and suffering · lost wages · opportunity cost · balance sheet · bankruptcy · going under · restitution · liability · wage garnishment
economic lossprofit
Gain exceeding expenditure
financial gain · earnings · income · revenue · return
economic losseconomic growth
Sustained output increase
prosperity · economic boom · economic expansion · wealth creation · economic recovery
economic lossprofitability
Capacity to generate gain
prosperity · economic growth · commercial success · solvency · thriving