net losses
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 284 U.S. 231 - Wilbur v. United States Vindicator Consol Gold Min Co Same · 1931Most cited · 99 citing opinions
War Minerals Relief Act
The purpose is merely to reimburse; loss resulting from speculative investments is excluded; allowance of profits is forbidden. In determining actual net loss the value of the property purchased and retained by claimant is necessarily to be taken into account.
How often courts cite the cases defining “net losses”
Court decisions citing the 2 opinions that defined “net losses” — 108 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1931–1933
The net losses consist of any deficit from operations plus any shrinkage in value of the plant investment. In calculating the loss for a period it is immaterial whether items entered as operating expense or as investment have been paid or are still owed for.