lucrum cessans

noun
lu·crum ces·sans | \ˈlükrəmˈseˌsanz\

Definition of lucrum cessans 

1 or lucrum interceptum \-ˌintə(r)ˈseptəm \ , Roman & canon law : the interest or damages awarded for loss of reasonably expected profits or for loss of use of property

2 Scottish law : damages for loss of expected gain or profits as distinguished from an actual loss

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History and Etymology for lucrum cessans

lucrum cessans from Medieval Latin, ceasing profit; lucrum interceptum from New Latin, intercepted profit

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