Word.ws English Dictionary

diminished value

diminished value noun: 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.

Noun

diminished value (uncountable)

  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.
    • Damages are awarded for defects and omissions in the performance of construction contracts giving the damaged party what was contracted for or its equivalent. [references] The primary measure of defect damages is the cost of either correcting the defect or supplying the omission. This is known as...2009, Carl J. Circo with Christopher H. Little, A State-by-state Guide to Construction & Design Law, Chicago: American Bar Association, →ISBN, page 1129
    • Most automobile insurance policies, however, exclude coverage for diminished value.2014, Meir Liraz, Cheap Car Insurance: How to Slash Your Auto Insurance Costs and Get Cheap Quotes, Liraz Publishing, →ISBN

Examples of diminished value in a sentence

  • The recovery for diminished value is the difference between the value the improvement would have had if properly constructed and the value as actually constructed.2009, Carl J. Circo with Christopher H. Little, A State-by-state Guide to Construction & Design Law, Chicago: American Bar Association...
  • 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.1905, In re the Income Tax Cases, Hydraulics Company Case, in Supreme Court of Victoria (Australia), The Victorian Law Reports, p. 186

Questions about diminished value

What does diminished value mean?
Diminished value means 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.
How do you use diminished value in a sentence?
The recovery for diminished value is the difference between the value the improvement would have had if properly constructed and the value as actually constructed.
What part of speech is diminished value?
Diminished value is a noun.

Words near diminished value in the dictionary

  1. diminished sixths
  2. diminished third
  3. diminished thirds
  4. diminished triad
  5. diminished triads
  6. diminished value
  7. diminisher
  8. diminishers
  9. diminishes
  10. diminisheth
  11. diminishing

Source and license

Adapted from Wiktionary: diminished value (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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