detriment

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Detriment

Any loss or harm to a person or property; relinquishment of a legal right, benefit, or something of value.

Detriment is most frequently applied to contract formation, since it is an essential element of consideration, which is a prerequisite of a legally enforceable contract. To incur detriment means to cement a promise by either refraining from doing something that one has a legal right to do or by doing something that one is not under any legal obligation to do.

detriment

noun adulteration, adversity, affliction, aggravation, atrophy, bane, bedevilment, blemish, blow, collapse, contamination, corrosion, corruption, cost, crippling, damage, damnum, decadence, decay, deformation, degeneration, demolishment, deprivation, destruction, detraction, detrimentum, dilapidation, disablement, disadvantage, disintegration, disorder, disturbance, erosion, evil, forfeit, forfeiture, handicap, harm, hurt, impairment, impotence, inadequacy, incommodum, inconvenience, ineffectualness, inefficiency, inexpedience, inexpediency, injuriousness, insufficiency, laming, liability, loss, misfortune, obstacle, poisoning, pollution, prejudice, privation, ruin, ruination, undesirability, undoing, unprofitability, weakness
Associated concepts: legal detriment
See also: damage, disadvantage, disservice, drawback, expense, handicap, harm, hindrance, impairment, injury, mischief, prejudice, sacrifice
References in periodicals archive ?
Such possible detriments already exist, and the risk of such incidents should be seen in the context of the regulatory regime, which is intended to prevent accidents and protect against terrorist attack.
ly/1AjfjZ2) A few days later, on January 27, the matter was "examined" in the House of Lords, led by Junior Energy Minister, Baroness Verma, who observed of the project: "It must first undergo a high-level assessment to determine whether its economic, social or other benefits outweigh the health detriment that it may cause.
While the ACCC considers that the Code is likely to lead to some anticompetitive detriment, this will be limited by the following factors:
In general, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.
Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.
Once the refund is made, the taxpayer will not have an opportunity to have it reapplied to the liability to avoid the possible economic detriment due to the interest rate differential.
Note that the taxpayer owed the IRS $100 and the IRS owed the taxpayer $100 for the period from March 15, 1988, through March 15, 1995; nevertheless, the taxpayer paid $49 to the IRS for that period and the IRS paid the taxpayer $42 ($100 x 6% x 7), a $7 ($49 - $42) economic detriment to the taxpayer.
Witten indicated that the company's goal is to stockpile its proprietary compound "Homspera" and have it ready to offer the government in an emergency situation to treat the detriments associated with a potential "dirty bomb" or radioactive terrorism.
The Board's decision is part of an effort to provide the Company's newly appointed management team the opportunity to attempt to improve the Company's operations and thereby attempt to maximize shareholder value, without the perceived detriments of a reverse stock split.
Wang continued, "Our liaison office in Tokyo provides customers with all the benefits of an Expeditors' full office, including controlling quality, tracking orders with our global information systems and providing consistent customer service, without the detriments of new office start up costs," he concluded.
o Alliance's failure to disclose the true benefits and detriments