expectation of loss

expectation of loss
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English-russian dctionary of contemporary Economics. 2014.

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  • Loss of chance in English law — refers to a particular problem of causation, which arises in tort and contract. The law is invited to assess hypothetical outcomes, either affecting the claimant or a third party, where the defendant s breach of contract or of the duty of care… …   Wikipedia

  • Expectation damages — are a form of damages available as a recourse to a breached contract. When a contracting party fails to fulfill their contractual duties, which causes losses to the other party, the party in breach can be liable for the losses of the other party …   Wikipedia

  • expectation loss — The test for the award of damages in contract. Damages in contract seek to put the injured party in the position he would have been in had the contract been performed satisfactorily (that is, the innocent party may seek to recover profits which… …   Law dictionary

  • Loss function — In statistics and decision theory a loss function is a function that maps an event onto a real number intuitively representing some cost associated with the event. Typically it is used for parameter estimation, and the event in question is some… …   Wikipedia

  • reliance loss — Also known as wasted expenditure. An alternative test for the award of damages for breach of contract. expectation loss is the normal measure for assessing damages for breach of contract. However, provided the innocent party has good reason not… …   Law dictionary

  • Congenital hearing loss — implies that the hearing loss is present at birth. It can include hereditary hearing loss or hearing loss due to other factors present either in utero (prenatal) or at the time of birth. Contents 1 Genetic factors 2 Hearing loss 2.1 Autosomal… …   Wikipedia

  • Stop-loss policy — Stop loss is a term primarily used in the United States military. In the U.S. military, it is the involuntary extension of a service member s active duty service under the enlistment contract in order to retain them beyond their initial end of… …   Wikipedia

  • Casualty loss — A casualty loss is a type of tax loss that is a sudden, unexpected, or unusual event. [IRS Revenue Ruling 79 174] Damage or loss resulting from progressive deterioration of property through a steadily operating cause would not be a casualty loss …   Wikipedia

  • Pythagorean expectation — is a formula invented by Bill James to estimate how many games a baseball team should have won based on the number of runs they scored and allowed. Comparing a team s actual and Pythagorean winning percentage can be used to evaluate how lucky… …   Wikipedia

  • Measure of damages under English law — Damages for breach of contract is a common law remedy, available as of right. It is designed to compensate the victim for their actual loss as a result of the wrongdoer’s breach rather than to punish the wrongdoer. If no loss has been occasioned… …   Wikipedia

  • Measure of Damages (under English law) — Damages for breach of contract is a common law remedy, available as of right. It is designed to compensate the victim for their actual loss as a result of the wrongdoer’s breach rather than to punish the wrongdoer. If no loss has been occasioned… …   Wikipedia


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