Words / D / Law

diminution in value

noun

C1CEFR level
80/100Rarity: very rare
TechnicalRegister

The measure of damages taken as the fall in the thing's worth caused by the wrong, rather than the cost of putting it right.

The court preferred diminution in value, awarding the drop in the land's price rather than the exorbitant cost of cure.

Similar: loss in value

Topic: Tort in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Tort