Property damage
Term · Law · MLC-T-LAW-003970
Harm or destruction inflicted upon tangible assets, such as buildings, vehicles, or personal belongings, resulting from an act or omission. This can arise from accidents, negligence, or intentional acts. Compensation for property damage typically involves the cost of repair or replacement of the damaged items.
| Identifier | MLC-T-LAW-003970 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003970",
"term": "Property damage",
"field": "Law",
"definition": "Harm or destruction inflicted upon tangible assets, such as buildings, vehicles, or personal belongings, resulting from an act or omission. This can arise from accidents, negligence, or intentional acts. Compensation for property damage typically involves the cost of repair or replacement of the damaged items.",
"url": "https://mlchart.com/terminology/law/property-damage/"
}
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