You know what it looks like… but what is it called?
TAKE THE QUIZ“pocket rule”
We have one entry that includes the term pocket rule.
out-of-pocket rule
noun: a measure of damages from fraud used in some jurisdictions that is based on the difference between the amount paid by the plaintiff and the market value of the thing paid for rather than the value attributed by the defendant compare benefit of the bargain
Love words? Need even more definitions?
Merriam-Webster unabridged
