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What (who) is expectation interest - definition

FORM OF DAMAGES AVAILABLE AS A RECOURSE TO A BREACHED CONTRACT

Expectations damagages (legal definition); Expectations damages (law); Expectations damages; Expectation Damages; Expectations Damages; Expectation damages (law); Expectation interest

Expectation damages

Expectation damages are damages recoverable from a breach of contract by the non-breaching party. An award of expectation damages protects the injured party's interest in realising the value of the expectancy that was created by the promise of the other party.

https://en.wikipedia.org/wiki/Expectation_damages

Expected value

LONG-RUN AVERAGE VALUE OF A RANDOM VARIABLE

Expectation operator; Expectation (mathematics); Expectation value; Expectation Value; Mathematical expectancy; E value; Expected number; Expected monetary value; Expected values; Expected Monetary Value; Mathematical expectation; Expectation number; Sklansky Buck; E(X); Expected Value; Unconditional expectation; Expectation Operator; Linearity of expectation; Expect value; Expected payout; Expectation (statistics)

In probability theory, the expected value (also called expectation, expectancy, mathematical expectation, mean, average, or first moment) is a generalization of the weighted average. Informally, the expected value is the arithmetic mean of a large number of independently selected outcomes of a random variable.

https://en.wikipedia.org/wiki/Expected_value

expected value

LONG-RUN AVERAGE VALUE OF A RANDOM VARIABLE

Expectation operator; Expectation (mathematics); Expectation value; Expectation Value; Mathematical expectancy; E value; Expected number; Expected monetary value; Expected values; Expected Monetary Value; Mathematical expectation; Expectation number; Sklansky Buck; E(X); Expected Value; Unconditional expectation; Expectation Operator; Linearity of expectation; Expect value; Expected payout; Expectation (statistics)

¦ noun Mathematics a predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.

Wikipedia

Expectation damages

Expectation damages are damages recoverable from a breach of contract by the non-breaching party. An award of expectation damages protects the injured party's interest in realising the value of the expectancy that was created by the promise of the other party. Thus, the impact of the breach on the promisee is to be effectively "undone" with the award of expectation damages.

The purpose of expectation damages is to put the non-breaching party in the position it would have occupied had the contract been fulfilled. Expectation damages can be contrasted to reliance damages and restitution damages, which are remedies that address other types of interests of parties involved in enforceable promises.

The default for expectation damages are monetary damages which are subject to limitations or exceptions (see below)

Expectation damages are measured by the diminution in value, coupled with consequential and incidental damages.

https://en.wikipedia.org/wiki/Expectation damages