ELI5: Explain Like I'm 5

Lucrum cessans

Imagine that you have a toy that you love to play with every day. One day, your friend asks to borrow the toy for a week so they can play with it too. You agree, but during that week, you miss playing with your toy and feel sad. This feeling of sadness is like "lucrum cessans."

"Lucrum cessans" is a Latin term that means "lost profit" or "missed opportunity." It refers to the money or benefits that you could have gained if you didn't experience an interruption or loss.

For instance, if you get sick and are unable to work for a week, you may lose out on the money you could have earned during that time. This lost income is your "lucrum cessans."

Similarly, if a business has to shut down due to a natural disaster, it might miss out on sales and profits during that time. Those missed profits are the business's "lucrum cessans."

In short, "lucrum cessans" refers to the opportunity loss or missed profits that happen when something interrupts or prevents you from achieving your goals or making money.