net losses
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 284 U.S. 231 - Wilbur v. United States Vindicator Consol Gold Min Co Same · 1931Most cited · 99 citing opinions
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.
United States Code
5 U.S.C. § 8401 — in this section
the term “net losses” means the excess of losses over earnings;