Simple definition
Amounts or harm for which compensation may be claimed under an agreement or law.
Damages
What Does Losses Mean?
Amounts or harm for which compensation may be claimed under an agreement or law.
Example in a contract
A contract may use “losses” when describing amounts or harm for which compensation may be claimed under an agreement or law.
What losses means in a contract
This term commonly appears in remedies or limitation-of-liability sections describing the types or amounts of loss that may be claimed.
Why it may matter
The wording can affect the financial consequences of breach and may interact with exclusions, caps, or pre-agreed remedies. Review the exact language rather than relying on the label alone.
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FAQ
Questions about losses.
What does losses mean in plain English?+
Amounts or harm for which compensation may be claimed under an agreement or law.
Where might losses appear in a contract?+
This term commonly appears in remedies or limitation-of-liability sections describing the types or amounts of loss that may be claimed.
Is this definition legal advice?+
No. ClauseInsight provides concise informational explanations. The legal effect of a term depends on the complete document, facts, and applicable law.