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LSDefine

Simple English definitions for legal terms

lucrum cessans

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A quick definition of lucrum cessans:

Lucrum cessans is a legal term that means "ceasing gain." It refers to damages that are awarded to compensate for a loss of anticipated profit in addition to an actual loss that has been realized. This term is also known as lucrum interceptum. It is often used in legal cases to determine the amount of compensation that should be awarded to a plaintiff who has suffered a loss due to the actions of another party.

A more thorough explanation:

Lucrum cessans is a legal term that means "ceasing gain." It refers to damages that are awarded to compensate for a loss of anticipated profit in addition to an actual loss that has been realized. For example, if a business owner had a contract to sell 100 products for $10 each, but due to a breach of contract by the buyer, only 50 products were sold, the business owner may be entitled to damages for the lost profit on the remaining 50 products. This lost profit is known as lucrum cessans.

lucrum | lucrum interceptum

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15:30
fucking seriously dude we're readinf 1l of a ride
oh im reading that on my own
i feel like yall should read a fun book
NosyBeagle
15:34
can't join ur discord yet. im a next cycle baby
NosyBeagle
15:34
or an OF model if this shit doesn't start clicking
15:41
ive been banned from too many discords
15:42
you dont want me there
15:46
i want u there nemo
NosyBeagle
16:04
discord has been fine for me. i go nuts on twitter tho
16:08
I miss pre-Elon twitter
real
you go to twitter replies and it's all blue checks and bots now it's fugly
i just have a burner twitter for political updates
it's a cesspool
16:34
was twitter ever good
much better than it is now
16:34
i had it in 2015 and it was already ultra political rage bait
16:34
ok ya fair
nothing will top 2014 tumblr for me though
16:36
yo fr
16:36
2014 tumblr eating disorder core
there used to be a two-story american apparel in chicago and all the employees were beautiful and cool and here comes 13 year old me thinking i was just like them because i wore the same clothes
you are beautiful and cool tho
no YOU'RE BEAUTIFUL AND COOL!!!!!
it was like the hipster mecca
16:44
Tumblr ands its consequences have been a disaster for the human race
im glad i got over my tumblr politics phase in high school
Some people never grow out of it
NosyBeagle
18:45
ok my shift is over. byebye lawyers <3
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