On this principle the lenders who would not have invested their money in a productive enterprise were nevertheless permitted by the moralists of the post-mediaeval period to take advantage of the title of lucrum cessans.
Between this theory and the theory connected with "lucrum cessans" the only difference is that the former shifts the justification of interest from the circumstances and rights of the lender to the present nature of the money itself.
The first of these titles was known as "lucrum cessans," or relinquished gain.
The old subterfuges of "Damnum emergens" and "Lucrum cessans" are made to do full duty.
The title of interest here given is recognized by divines as lucrum cessans, "interruption of profit.
Where this is so, and so far as it is so, the lender may without violation of justice point to lucrum cessans, gain lost, and arrange beforehand with the borrower for being reimbursed with interest.
Lucrum cessans was defined by Navarrus as 'amissio facta a creditore per pecuniam sibi non redditam' (Endemann, Studien, vol.
We have now discussed the extrinsic titles--poena conventionalis, damnum emergens, lucrum cessans, and periculum sortis.
Cleary points out, the trader is held by this decision to be entitled to a recompense on account of a probable loss of profit, and the decision consequently amounts to a recognition of the title lucrum cessans.
The attitude of Aquinas to the admission of lucrum cessans is obscure.
The first clear recognition of the title lucrum cessans occurs in a letter from Alexander III.
This interpretation steadily gained ground amongst succeeding writers; so that, in spite of some lingering opposition, the justice of the title lucrum cessans was practically universally admitted by the theologians of the fifteenth century.
Closely allied to the title of damnum emergens was that of lucrum cessans.
The probability of there being a lucrum cessans was thought small, but the justice of its reward, if it did in fact exist, was admitted.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "lucrum" in a variety of sentences. We hope that you will now be able to make sentences using this word.
