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Concept information

Preferred term

Material Damage  

Type

  • owl:NamedIndividual

Definition

  • Material damage, also known as property damage, is damage to a person's assets or urban system`s assets, i.e. the loss of goods or things that have economic value. Material damages include losses actually suffered (emergent damages), as well as amounts that the person has failed to receive (lost profits).

URI

http://www.return.com/ontologies/2024/vocab#Material_Damage

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