MLchartDataset catalogue

Loss of use

Term · Law · MLC-T-LAW-003100

Damages awarded to compensate an injured party for the inability to use property that has been damaged or destroyed. This compensation covers the reasonable rental value of a substitute item or the lost profits if the property was used for business. It is a common component of property damage claims in tort law.

Table 1. Record
IdentifierMLC-T-LAW-003100
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003100",
  "term": "Loss of use",
  "field": "Law",
  "definition": "Damages awarded to compensate an injured party for the inability to use property that has been damaged or destroyed. This compensation covers the reasonable rental value of a substitute item or the lost profits if the property was used for business. It is a common component of property damage claims in tort law.",
  "url": "https://mlchart.com/terminology/law/loss-of-use/"
}

Record 3,060 of 5,439 in Law terminology (MLC-0107). Request the full dataset.