- financial loss
Legal liability for pecuniary loss sustained by third parties where there has been no third party bodily injury or loss or damage to their property. Insurance for financial loss is normally arranged as an extension to a public/products liability insurance policy.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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financial loss — noun loss of money or decrease in financial value • Hypernyms: ↑loss • Hyponyms: ↑nonpayment, ↑default, ↑nonremittal, ↑capital loss, ↑depreciation, ↑wear and tear, ↑ … Useful english dictionary
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