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Diminution in value is a legal term of art used when calculating damages in a legal dispute, and describes a measure of value lost due to a circumstance or set of circumstances that caused the loss. Specifically, it measures the value of something before and after the causative act or omission creating the lost value in order to calculate ...
Diminished value or diminution in value are the terms generally used to describe the loss in a property's market value after it was damaged in an accident and repaired. Diminished value is most often associated with automobiles but it is applicable to other property of value including real estate or collectibles such as jewelry and artwork.
Diminished value is the difference between your car's value before an accident and after, even if it's repaired. Filing for a diminished claim may help you earn back some of your car's lost market ...
Normally, the impact on value of the damage is measured as the cost to repair, but after a repair the result is an aircraft with a substantial damage history. Sometimes it is contended that there is a diminution in value in the after condition beyond the cost to repair because of the resulting damage history.
A review of the relevant decisions demonstrates that the "harmful or noxious use" principle was merely this Court's early formulation of the police power justification necessary to sustain (without compensation) any regulatory diminution in value; that the distinction between regulation that "prevents harmful use" and that which "confers ...
The value of the U.S. dollar has been in steady decline. It doesn't help that the cost of living has continued to rise or that the effects of inflation have seeped into so many other aspects of...
This could mean selling off unused possessions, like the exercise bike taking up space in your basement (although you don’t need me to tell you that you won’t get as much money for old fitness ...
Diminution is also the term for the proportional shortening of the value of individual note-shapes in mensural notation, either by coloration or by a sign of proportion. A minor or perfect interval that is narrowed by a chromatic semitone is a diminished interval, and the process may be referred to as diminution (this, too, was sometimes ...