out-of-pocket loss


out-of-pocket loss
n.
In a warranty or breach of contract case, the difference between the purchase price and the actual value of an object.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Look at other dictionaries:

  • out-of-pocket loss — As measure of damages, is the difference between the value of what the purchaser parted with (i.e., the purchase price paid by him) and the value of what he has received (i.e., the actual market value of the goods). Otte v. Ron Tonkin Chevrolet… …   Black's law dictionary

  • out-of-pocket loss rule — See out of pocket loss …   Black's law dictionary

  • out-of-pocket-loss rule — A rule of damages for fraud in misrepresentation of value, quality, or condition of property, that the defrauded party is entitled not to the benefit of the bargain, but only to the amount that he is out of pocket by reason of the fraud, which is …   Ballentine's law dictionary

  • Out of pocket — Out Out (out), adv. [OE. out, ut, oute, ute, AS. [=u]t, and [=u]te, [=u]tan, fr. [=u]t; akin to D. uit, OS. [=u]t, G. aus, OHG. [=u]z, Icel. [=u]t, Sw. ut, Dan. ud, Goth. ut, Skr. ud. [root]198. Cf. {About}, {But}, prep., {Carouse}, {Utter}, a.]… …   The Collaborative International Dictionary of English

  • out of pocket — adverb compensation, costs, damages, expenses, just compensation, payment, recovery, remuneration, reparation for loss, repayment, restitution, restoration, retrieval, satisfaction associated concepts: pocket expenses Burton s Legal Thesaurus.… …   Law dictionary

  • out-of-pocket — adj. Having to do with the expenditure of cash, especially of a financial loss paid personally. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • out of pocket — 1. adverb Lacking funds, or suffering a loss. After three races he was £10 out of pocket. 2. adjective Of or pertaining to the spending of cash rather than using credit …   Wiktionary

  • out of pocket — Synonyms and related words: at a loss, badly off, bankrupt in, bare of, bereft of, denuded of, deprived of, destitute of, devoid of, distressed, down to bedrock, embarrassed, empty of, feeling the pinch, for want of, forlorn of, hard up, ill off …   Moby Thesaurus

  • out of pocket — phrasal 1. low on money or funds 2. having suffered a loss 3. from cash on hand …   New Collegiate Dictionary

  • out of pocket — 1. lacking money. 2. having suffered a financial loss. * * * …   Universalium


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