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Diminution, reduction, depreciation, decrease in value; that which cannot be recovered.

The term loss is a comprehensive one, and relative, since it does not have a limited or absolute meaning. It has been used interchangeably with damage, deprivation, and injury.

In the law of insurance, a loss is the ascertained liability of the insurer, a decrease in value of resources, or an increase in liabilities. It refers to the monetary injury that results from the occurrence of the contingency for which the insurance was taken out.

Loss of earning capacity is an injury to an individual's ability to earn wages at a future time and may be recovered as an element of damages in a tort case.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


n. 1) the value placed on injury or damages due to an accident caused by another's negligence, a breach of contract or other wrongdoing. The amount of monetary damages can be determined in a lawsuit. 2) when expenses are greater than profits, the difference between the amount of money spend and the income. (See: damages)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

LOSS, contracts. The deprivation of something which one had, which was either advantageous, agreeable or commodious.
     2. In cases of partnership, the losses are in general borne by the partners equally, unless stipulations or circumstance's manifest a different intention. Story, Partn. Sec. 24. But it is not essential that the partners should all share the losses. They may agree, that if there shall be no profits, but a loss, that the loss shall be borne by one or more of the partners exclusively, and that the others shall, inter se, be exempted from all liabilities for losses. Colly. Partn. 11; Gow, Partn. 9; 3 M. & Wels. 357; 5 Barn. & Ald. 954 Story, Partn. Sec. 23.
     3. When a thing sold is lost by an accident, as by fire, the loss falls on the owner, res perit domino, and questions not unfrequently arise, as to whether the thing has been delivered and passed to the purchaser, or whether it remains still the property of the seller. See, on this subject, Delivery.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Winfried Amoaku, of the Royal College of Ophthalmologists, said that eccentric viewing could help some patients with central vision loss "cope with everyday tasks such as identifying coins while out shopping, watching television and reading".
All UK patients with central vision loss should have the opportunity to try eccentric viewing techniques to see if they can benefit," he said.
Clients with central vision loss may find that scanning in an organized fashion allows for greater speed and efficiency when locating obstacles or people in their path of travel, a place to sit in their crowded assisted living dining room, or an item on a grocery store shelf.
Older adults with central vision loss will also benefit from comprehensive home assessments and environmental modifications to increase safety during mobility tasks.
As part of a person-centred low vision and rehabilitation package, eccentric viewing (EV) and steady eye strategy (SES) are practical techniques that can help many people with central vision loss use their residual vision more effectively.
In patients with bilateral central vision loss EV training may be a viable tool to help people use what remains of their vision.
Not everyone with central vision loss will need to eccentrically fixate as it depends on the type and amount of damage or scotoma(s).
Individuals with central vision loss often describe their experience of reading as 'words seem to come and go' or that when they are holding text they keep moving it trying to get it clear; both of these are indications that they might benefit from adopting SES as a means of improving accuracy and fluency when reading.
Technological advances were also offering practitioners an increased understanding of the impact on function of different patterns of central vision loss, prompting new strategies for rehabilitation that are particularly appropriate for seniors with central vision loss.
"Everybody with central vision loss should be able to access holistic rehabilitation and low vision services, that includes or links with training about eccentric viewing and steady eye techniques if they choose," she said.
OPTOMETRISTS are being urged to take up a charity's advice on handling patients with central vision loss.

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