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English definition of “direct loss”

direct loss

noun [C]
 
 
LAW, INSURANCE
money that you lose as the direct result of harm done by another person or by an event such as a fire or flood: Punitive damages, which are assessed to punish someone, must be paid on top of damages that are designed to compensate for direct losses. → Compare indirect loss
(Definition of direct loss from the Cambridge Business English Dictionary © Cambridge University Press)
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