contracts. A loss is the injury or damage sustained by the insured in consequence of the happening of one or more of the accidents or misfortunes against which the insurer, in consideration of the premium, has undertaken to indemnify the insured. 1 Bouv. Inst. n. 1215. 2. These accidents or misfortunes, or perils, as they are usually denominated, are all distinctly enumerated … [Read more...]

In old English law. A liberty or privilege to take amends for lying with a bondwoman without license. … [Read more...]

A sale of an item below cost in the hope of spreading knowledge and awareness of the vendor and to promote sales of other products and future sales. … [Read more...]

A lottery is any scheme for the disposal or distribution of property by chance among persons who have paid, or promised or agreed to pay, any valuable consideration for the chance of obtaining such property, or a portion of it, or for any share of or interest in such property, upon any agreement, understanding, or expectation that it is to be distributed or disposed of by lot … [Read more...]

The legal notion that the damages that are awarded to compensate a party for loss or injury should be at least sufficient to put that party in the same position they were in prior to that loss or injury. … [Read more...]