benefit of the bargain
: the advantage that would be or have been gained under a contract if completed as agreed
specifically
: the difference between the actual value of property and the value of property as it is represented in case of misrepresentation
called also benefit of one's bargain, loss of bargain
compare out-of-pocket ruleDictionary Entries Near benefit of the bargain
Cite this Entry
“Benefit of the bargain.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/benefit%20of%20the%20bargain. Accessed 1 Dec. 2024.
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