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Pecuniary Loss (Legal Definition: All You Need To Know)

What does Pecuniary Loss mean?

How do you define Pecuniary Loss in simple terms?

What’s essential to know?

Keep reading as I have gathered exactly the information that you need!

Let me explain to you what are pecuniary losses once and for all!

Are you ready?

Let’s get started!

What Is Pecuniary Loss

A pecuniary loss refers to losses or damages that can be financially quantified.

For example:

Mary lost her car in the accident, her pecuniary loss amounted to $25,000
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This means that the car accident resulted in Mary’s financial loss of $25,000.

Pecuniary Loss Definition

How do you define pecuniary loss from a legal perspective?

The legal definition of pecuniary loss can be summed up as follows:

A pecuniary loss refers to a loss or injury that can be quantified in dollar figures
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Another way you can refer to a “pecuniary loss” is to say “financial loss” or “economic loss”.

This means that the “loss” is quantifiable in money or financial terms.

Pecuniary Loss Example

Let’s look at an example of how the phrase pecuniary loss can be used.

In the context of wrongful death claims or personal injury claims, a pecuniary loss can include:

  • Medical expenses 
  • Loss of salary and wages
  • Lost future wages
  • Property damage 
  • Transportation expenses 
  • Medical equipment expenses
  • Rehabilitation costs 

As you can see from this list, what’s common to all of the above items is that they can be quantified in financial terms by producing a receipt, invoice, statement, or document showing the amount of money lost.

Pecuniary Losses Takeaways 

So there you have it folks!

What is the meaning of pecuniary loss?

A pecuniary loss, or financial loss, refers to damages or injury suffered by someone that can be quantified in dollars and cents.

In other words, when a person loses money, property, or suffers personal injury resulting in expenses and lost income, these are all examples of pecuniary losses.

For example:

The employee was unjustifiably fired and directly suffered pecuniary losses amount to $15,000
Author

This means that the employee suffered financial losses totaling $15,000.

I hope you know understand the meaning of pecuniary loss in law.

Good luck!

Car repair cost
Contractual loss 
Doctor bills
Earning capacity 
Economic damages 
Emergency room bill
Financial loss 
Financial support 
Funeral expense 
Healthcare expense
Hospital bills
Lost income
Non-pecuniary loss
Pecuniary damages 
Pecuniary injury 
Property damage
Wrongful death
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Actual damages
Alternative damages
Compensatory damages 
Compensatory damages 
Consequential damages 
Delay damages
Disfigurement 
Indirect damages
Nominal damages
Noneconomic damages 
Permanent impairment
Punitive damages
Special damages 
Specific performance
Author

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