Foreseeable loss: Difference between revisions
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imported>Doug Williamson m (Category added 8/10/13) |
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1. ''Accounting.'' | 1. | ||
''Accounting.'' | |||
A loss which the directors estimate will arise over the duration of a long term contract. | A loss which the directors estimate will arise over the duration of a long term contract. | ||
2. ''Law.'' | |||
2. | |||
''Law.'' | |||
A potential loss which it is reasonable to expect that a person would anticipate following from their wrongdoing, and for which they are therefore held liable in law. | A potential loss which it is reasonable to expect that a person would anticipate following from their wrongdoing, and for which they are therefore held liable in law. | ||
== See also == | == See also == | ||
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* [[Consequential loss]] | * [[Consequential loss]] | ||
* [[Loss]] | * [[Loss]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | |||
Latest revision as of 10:12, 8 October 2013
1.
Accounting.
A loss which the directors estimate will arise over the duration of a long term contract.
2.
Law.
A potential loss which it is reasonable to expect that a person would anticipate following from their wrongdoing, and for which they are therefore held liable in law.
