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GLOSSARY

Loss definition

What does Loss mean?

The term 'loss' appears in many statutes and is not generally restricted to permanent deprivation.

For example, under s 34 of the Theft Act 1968, while 'loss' extends only to loss in money or other property it also extends to any such loss which is merely temporary and includes a loss by not getting what one might get as well as parting with what one has. 'Loss' is similarly defined by s 5 of the Fraud Act 2006.

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