Flood Damage The direct and indirect economic loss caused by floods including damage by inundation, erosion, or sediment deposition. Indirect damages may also include emergency costs and business or financial losses. Evaluation may be based on the cost of replacing, repairing, or rehabilitating, or the comparative change in market or sales value, or on the change in income or production caused by flooding.
Source: http://www.bvsde.paho.org/bvsacg/i/fulltext/dicciona/dicciona.pdf
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Author of the Water Words Dictionary source of text: Gary A. Horton
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