breakage

breakage
An item of loss or damages, as breakage in transit; an inevitable loss over a period of time in some lines of business, such as hotels, restaurants, electric companies, etc. As the word is used in a bill of lading exempting the carrier for loss by breaking, it refers to the breakage of' goods, wares, and merchandise, other than living animals, and does not include the breaking of a horse's leg. Coupland v Housatonic Railroad Co. 61 Conn 531, 23 A 870. As the term is used in connection with pari-mutuel betting, it means the odd cents of all redistributions exceeding a sum equal to the next lowest multiple of' five. Wise v Delaware Steeplechase & Race Asso. 28 Del Ch 532, 45 A2d 547, 165 ALR 830. See broken.

Ballentine's law dictionary. . 1998.

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  • breakage — UK US /ˈbreɪkɪdʒ/ noun ► [U] the fact of something getting broken: »Most standard insurance policies do not cover breakage. ► [C, usually plural] something that has been broken: »Any breakages must be paid for …   Financial and business terms

  • Breakage — Break age, n. 1. The act of breaking; a break; a breaking; also, articles broken. [1913 Webster] 2. An allowance or compensation for things broken accidentally, as in transportation or use. [1913 Webster] …   The Collaborative International Dictionary of English

  • breakage — index injury Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • breakage — (n.) 1813, action of breaking, from BREAK (Cf. break) (v.) + AGE (Cf. age). Meaning loss or damage done by breaking is from 1848 …   Etymology dictionary

  • breakage — ► NOUN 1) the action of breaking something or the fact of being broken. 2) a thing that has been broken …   English terms dictionary

  • breakage — [brāk′ij΄] n. 1. an act or instance of breaking 2. things or quantity broken 3. loss or damage due to breaking 4. the sum allowed for such loss or damage …   English World dictionary

  • Breakage — Chartplatzierungen (vorläufig) Vorlage:Infobox Chartplatzierungen/Wartung/vorläufige Chartplatzierung Erklärung der Daten Singles Fighting Fire (ft. Jess Mills) …   Deutsch Wikipedia

  • breakage — [[t]bre͟ɪkɪʤ[/t]] breakages 1) N VAR Breakage is the act of breaking something. Brushing wet hair can cause stretching and breakage... Check that your insurance policy covers breakages and damage during removals. 2) N COUNT: usu pl A breakage is… …   English dictionary

  • Breakage — Revenue gained by retailers through unredeemed, expired or lost gift cards. Breakage refers to money received from gift cards but never redemeed by customers. In 2006 it was estimated that consumers lost over $8 billion annually due to breakage.… …   Investment dictionary

  • breakage — UK [ˈbreɪkɪdʒ] / US noun Word forms breakage : singular breakage plural breakages a) [uncountable] an act of breaking something b) [countable] something that someone breaks All breakages must be paid for …   English dictionary

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