When a defendant's negligence does not cause any physical harm to the plaintiff or their property, but the plaintiff suffers financial loss as a result of the defendant's carelessness, this is known as:

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The term "pure economic loss" refers to financial harm that is suffered by a plaintiff as a direct result of the defendant's negligence, without any accompanying physical harm or damage to property. This may include lost profits, lost investments, or other economic losses that result from the defendant's actions or omissions. Negligent misstatement is a related concept that refers specifically to situations in which the defendant provides inaccurate or misleading information that causes harm to the plaintiff, while vicarious liability refers to a situation in which one party is held responsible for the actions of another party. Factual causation refers to the determination of whether the defendant's actions or omissions were a necessary cause of the plaintiff's harm.

When a Defendant's Negligence Does Not Cause Any Physical Harm