Lucrum cessans – this legal term comes from Latin. Literally it means „ceased profits”. In the Tort law, it refers to the awarded damages and the missed benefits from the non-used and damaged item. For example, a buyer of off-plan property invests their money, but then the developer fails to construct the property and demolishes it instead. So in such case the buyer is legally entitled to claim “lucrum cessans”, in other words – the financial loses he met and the benefits he missed because of the impossibility to use the property after the agreed deadlines of completion.
In practice, the term participates in the legal maxim “lucrum facere ex pupili tutela tutor non debet”. It means a guardian ought not to make money out of the guardianship of his ward.