tjóns
Tjóns is the genitive singular form of the Icelandic noun tjón, meaning damage or loss. The term is used in legal, insurance, and everyday Icelandic to indicate damage that has occurred to a person, property, or contractual rights. In official language and contracts, tjóns marks attribution: the phrase "kostnaður tjóns" refers to the cost arising from the damage, while "bætur fyrir tjón" denotes compensation payable for that damage.
Origin: tjón comes from Old Norse tjóni, reflecting the Nordic heritage of the word. The genitive form
Usage notes: While tjón can be used without a possessive, tjóns is common when specifying the loss
Related terms: tjón, skaði, bætur. See also related concepts in liability and compensation law.