Meaning of “consequential loss” in the English Dictionary

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"consequential loss" in Business English

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consequential lossnoun [ C or U ]

uk us

LAW, INSURANCE a loss of money that happens as a result of something wrong or illegal that someone else has done:

We suffered a consequential loss as a result of the non-delivery of these documents and intend to claim compensation.

(Definition of “consequential loss” from the Cambridge Business English Dictionary © Cambridge University Press)