benefit of the bargain

Legal Definition of benefit of the bargain

: the advantage that would be or have been gained under a contract if completed as agreed specifically : the difference between the actual value of property and the value of property as it is represented in case of misrepresentation

called also benefit of one's bargain, loss of bargain

— compare out-of-pocket rule

Learn More about benefit of the bargain

Cite this Entry

“Benefit of the bargain.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/benefit%20of%20the%20bargain. Accessed 4 Dec. 2020.

Comments on benefit of the bargain

What made you want to look up benefit of the bargain? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Syn City

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!