Latin Legal Terms

Amissio

Amissio or “amissus” - The Tax Law details this term as “loss” (i.e. financial loss). The loss is the amount, occurred after comparing the acquired income versus the expenses made during the taxable period; where obviously the income wasn’t able to meet the expenses so the outcome is a negative amount.

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Bear that none of the listings on this dictionary and its explanations does not represent legal advice, and should not be considered applicable to any individual case or legal suit. All the definitions and interpretations have been stipulated with a theoretical purpose only to deliver more concrete information to the visitor of the website about the term or phrase itself.