quantum of financial loss vs quantum of loss

Both phrases are correct, but they are used in slightly different contexts. 'Quantum of financial loss' specifically refers to the amount or extent of financial loss incurred, while 'quantum of loss' is a more general term that can encompass various types of losses beyond just financial ones.

Last updated: March 15, 2024 • 1501 views

quantum of financial loss

This phrase is correct and commonly used in legal and financial contexts to refer to the specific amount or extent of financial loss incurred.

This phrase is typically used in legal proceedings, insurance claims, or financial reports to quantify the financial impact of a loss.

Examples:

The court awarded compensation based on the quantum of financial loss suffered by the plaintiff.
The insurance company assessed the quantum of financial loss resulting from the fire damage.
Determining the quantum of financial loss is crucial for calculating the appropriate compensation.
The forensic accountant was hired to evaluate the quantum of financial loss in the embezzlement case.
The auditor's report detailed the quantum of financial loss due to accounting irregularities.

Show examples from the web [+]

Apr 21, 2015 ... ... in Railway weigh-bridges, FIRs in offing. CBI sources said the quantum of financial loss 'the amount could run into several hundred crores.' ...
... New Delhi | Updated: April 21, 2015 at 3:23 am. CBI sources said the quantum of financial loss 'the amount could run into several hundred crores.' ...
Apr 3, 2015 ... ... the recent rains and hailstorms, a final decision will be taken after arriving at the quantum of financial loss once the harvest of rabi crops starts ...
Jan 19, 2015 ... "Finding out the quantum of financial loss because of this is not possible by the commission, CBI has to investigate... today big cases have ...

Alternatives:

extent of financial loss
amount of financial loss
financial loss magnitude
financial loss measurement
financial loss assessment

quantum of loss

This phrase is correct and can be used in a broader sense to refer to the amount or extent of any type of loss, not limited to financial losses.

This phrase can be used in various contexts to quantify the extent of loss, such as emotional, physical, or material losses.

Examples:

The quantum of loss experienced by the family was immeasurable after the tragic accident.
The report analyzed the quantum of loss in terms of reputation and brand value.
Assessing the quantum of loss in a personal injury case involves considering both economic and non-economic damages.
The project manager evaluated the quantum of loss resulting from the delay in construction.
The therapist helped the patient cope with the quantum of loss following the traumatic event.

Show examples from the web [+]

Quantum of loss in syndicated loans. RPC · RPC logo. Geraldine Elliott. Tom Hibbert. Tim Brown. prev. next. United Kingdom May 14 2010. Helmsley ...
The final report issued by the investigative specialist will be definitive as respects the facts and the quantum of loss and shall be provided to both the Insured and ...
To substantiate quantum of loss, value of damaged insured property just prior to loss, & value of salvage. Please make available to surveyors/investigators fixed ...
Jan 1, 2014 ... January 2014. Publication No. 14-01. When the quantum of loss suffered depends on the volatility of foreign exchange rates. The currency of ...

Alternatives:

extent of loss
amount of loss
loss magnitude
loss measurement
loss assessment

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quantum of financial loss vs quantum of loss