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

Dictionary Entries Near out-of-pocket rule

Cite this Entry

“Out-of-pocket rule.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/out-of-pocket%20rule. Accessed 22 Jul. 2024.

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