### Question
What does resulting economic loss mean?


### Answer
**Resulting economic loss** has the following meaning in *22 U.S.C. § 1980*:

> the gross income, as estimated by the Secretary, that a fishing vessel owner or operator who is eligible for compensation under this section for damage to, loss of, or destruction of, a fishing vessel or the fishing gear used with such vessel will lose by reason of not being able to engage in fishing, or having to reduce his fishing effort, during the period before the vessel or gear, or both, are repaired or replaced and available for use

#### Citation:
  - *22 U.S.C. § 1980*
  - Heading: **CHAPTER 25-PROTECTION OF VESSELS ON THE HIGH SEAS AND IN TERRITORIAL WATERS OF FOREIGN COUNTRIES**

