expectation loss
The test for the award of damages in contract. Damages in contract seek to put the injured party in the position he would have been in had the contract been performed satisfactorily (that is, the innocent party may seek to recover profits which he expected to receive had the contract been performed; he is entitled to damages for loss of bargain).
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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