MLchartDataset catalogue

Loss

Term · Law · MLC-T-LAW-003094

A decrease in value, an incurred expense, or a detriment suffered by an individual or entity. In insurance, it represents the financial injury or damage for which the insurer becomes liable under the terms of a policy. The extent of a loss is often determined by appraisal or assessment of the damaged property or injury.

Table 1. Record
IdentifierMLC-T-LAW-003094
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003094",
  "term": "Loss",
  "field": "Law",
  "definition": "A decrease in value, an incurred expense, or a detriment suffered by an individual or entity. In insurance, it represents the financial injury or damage for which the insurer becomes liable under the terms of a policy. The extent of a loss is often determined by appraisal or assessment of the damaged property or injury.",
  "url": "https://mlchart.com/terminology/law/loss/"
}

Record 3,056 of 5,445 in Law terminology (MLC-0107). Request the full dataset.