Meaning of “direct loss” in the English Dictionary

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"direct loss" in Business English

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direct lossnoun [ C ]

uk us 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.

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