diminished value

Noun

 * 1)  A compensable loss in a property item's value after having been damaged and subsequently repaired or, in the case of a construction, having been constructed improperly or not according to contract.
 * 2) * 1905, In re the Income Tax Cases, Hydraulics Company Case, in Supreme Court of Victoria (Australia), The Victorian Law Reports, p. 186:
 * In assessing the income of the company for taxation the Commissioner allowed the claim for deduction for the actual cost of repairs and renewals, but did not allow any claim for diminished value.
 * 1) * 1905, In re the Income Tax Cases, Hydraulics Company Case, in Supreme Court of Victoria (Australia), The Victorian Law Reports, p. 186:
 * In assessing the income of the company for taxation the Commissioner allowed the claim for deduction for the actual cost of repairs and renewals, but did not allow any claim for diminished value.

Translations

 * Finnish: arvonalennus