A term that was once used to refer to the coverage later known as Business Interruption Insurance and is now called Business Income Coverage or Loss of Profit or Loss of Income coverage. It this sense it is obsolete. It is however sometimes used to refer to such loss of earning in Boiler and Machinery Insurance. It is also used in some contracts which promise to pay on a valued basis, or fixed amount, for each day the insured is deprived of the use or occupancy of described property because of damage caused by a peril insured against.