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Simple English definitions for legal terms

lucrum interceptum

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A quick definition of lucrum interceptum:

Term: LUCRUM INTERCEPTUM

Definition: Lucrum interceptum, also known as lucrum cessans, is a legal term that refers to damages awarded to compensate for a loss of anticipated profit in addition to an actual realizable loss. This means that if someone was expecting to make a certain amount of money but was unable to due to someone else's actions, they may be entitled to compensation for the lost profit. It is also known as "ceasing gain" and is often used in legal cases to determine the amount of damages owed. See also DAMNUM EMERGENS.

A more thorough explanation:

Lucrum interceptum is a Latin term that means "ceasing gain." It refers to damages awarded to include a loss of anticipated profit in addition to an actual realizable loss. It is also known as lucrum cessans.

For example, if a business owner had a contract to sell 100 units of a product for $10 each, but due to a breach of contract by the buyer, the business owner only sold 50 units, they would have suffered a loss of $500 in actual realizable loss. However, if the business owner could have sold the remaining 50 units for $10 each, they would have suffered an additional loss of $500 in anticipated profit. Therefore, the total damages awarded would be $1000, including both the actual realizable loss and the loss of anticipated profit.

Another example could be a contractor who was hired to build a house for $100,000 but due to the client's breach of contract, the contractor was unable to complete the project. The contractor would be entitled to damages for the actual costs incurred in the project, as well as the loss of anticipated profit that they would have earned if the project had been completed.

These examples illustrate how lucrum interceptum is used to compensate for the loss of anticipated profit in addition to actual realizable loss.

lucrum cessans | luctuosa hereditas

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ronniedoeslaw
13:02
You can make your dream a reality
NosyBeagle
13:19
never had an lsat/law dream before and i never want one
never had law dreams but i do have a lot of work dreams
13:37
I had an LSAT dream that I scored like a 112
13:40
i had a dream that i was playing outside on a hill and my mom loved me
13:45
@ronniedoeslaw: upset the score was lower than my PTs
ronniedoeslaw
13:49
@NemoPropheta: don’t get down on yourself, that’s a dream score for many. The fact you’re scoring high on your PTs is a good sign. Do something today to relax and take your mind off of it. Probably subliminally showing how stressed you are about it, which is okay bc same
most ppl score lower than their pts their first time fwiw
13:54
I definitely saw that. My first and second time fwiw^
NosyBeagle
13:56
@BruceSutter: dream you forgot to put their name on the test
14:00
it’s technically my third time, my first two times were like 3 years ago tho
I've had multiple dreams that the LSAT score I have currently was revoked/removed by LSAC lmfao
14:00
didn’t study at all and didn’t do well
14:00
I had a dream the other day that I was on a boat and a shark was like scratching at my leg with its teeth
14:00
he just wanted to help exfoliate you
14:00
I was going ow ow ow
14:01
He was tenderizing it I think
14:01
sounds like great personal statement material
14:01
Starting my personal statement I have a dream
14:02
Guys give me a book recommendation and I will give you my opinion on it or you
READ MOBY DICK
14:03
Good one. My ex gave me a copy of this book but he tore out a page and used it to roll a joint
14:05
based
14:05
Im rereading the Stormlight Archive rn since Wind and Truth came out
14:06
You’re one of those guys. I probably will never read a Brandon Sanderson book bc im so attached to my contrarianism
ronniedoeslaw
14:06
Richest man of Babylon probably still one of my all time favs
14:07
This one seems cool you’re prob a chill ass dude
My Brilliant Friend, Elena Ferrante
14:08
BrandoSando isnt a good writer but he makes good easy reading fantasy, he’s basically JK Rowling for adults
14:09
I read the my brilliant friend series and thought it was pretty good
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