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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Cite this Entry

“Lucrum cessans.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lucrum%20cessans. Accessed 30 Nov. 2020.

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