passive loss
An economic loss not associated with any physical damage or injury is commonly referred to as a passive loss.
passive loss
An economic loss not associated with any physical damage or injury is commonly referred to as a passive loss.
Additional Information
For example, if a home is built using substandard materials, the owner has incurred an economic "loss," but without actual physical damage neither the homeowner's insurance nor the builder's liability insurance would be triggered for this loss.
