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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 ar
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 ...
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 ...
Pennsylvania Coal Co. v. Mahon, 260 U.S. 393 (1922), was a case in which the Supreme Court of the United States held that whether a regulatory act constitutes a taking requiring compensation depends on the extent of diminution in the value of the property. [1] The decision thereby started the doctrine of regulatory taking.
In Richards, the Court in a 8–1 decision, held that any diminution of the value of property not directly invaded nor peculiarly affected by a government-created nuisance, but instead sharing in the common burden of incidental damages arising from the legalized nuisance, is not a taking under the U.S. Constitution.
Deprival value is a concept used in accounting theory to determine the appropriate measurement basis for assets. It is an alternative to historical cost and fair value or mark to market accounting. Some writers prefer terms such as 'value to the owner' or 'value to the firm'.
Utah, 510 U.S. 399 (1994), the Supreme Court held that Congress's 1902 Act had diminished the Uintah Reservation. [3] ... Diminished value; Diminished responsibility;