Definitions for "ECONOMIC LOSS"
Economic Loss is defined as the amount of money lost, such as wages, medical or other expenses as a result of the injury.
Loss suffered of a direct financial nature, eg: loss of past and future income if unable to work as a result of an injury• Criminal Compensation
A financial loss resulting from, for example, the destruction of property in a fire. An economic loss includes the cost of restoring or replacing property - bit it does not include non-economic losses, such as pain caused by an injury.