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Simple English definitions for legal terms
casualty
Read a random definition: business-to-consumer
A quick definition of casualty:
Definition: Casualty means something bad that happens unexpectedly, like an accident or disaster, and the harm that comes from it. It can be anything that is affected by the harm, like people, places, or things. If something is lost or damaged because of a casualty, it is called a casualty loss. Even in situations that are expected, like war, people who are hurt or killed are still considered casualties.
A more thorough explanation:
Casualty refers to an unexpected event or disaster that causes harm to people, places, or things. It can also refer to the resulting harm from the incident. For example, if a fire destroys a house, the house and everything inside it would be considered casualties.
Additionally, casualty can refer to the loss of property or money resulting from an unforeseen event. The Internal Revenue Service (IRS) allows taxpayers to deduct losses from "fire, storm, shipwreck, or other casualty" on their tax returns.
Examples of casualties include:
- A person who is injured or killed in a car accident
- A building that is destroyed in a natural disaster like a hurricane or earthquake
- A business that suffers financial losses due to a cyber attack
- A soldier who is killed or injured in combat
These examples illustrate how casualties can occur in a variety of situations and can affect different types of entities, including people, buildings, and businesses.