When Chandler demands compensation for future lost business due to his injuries, he is referring to:

Chandler is referring to "diminution of value" when he demands compensation for future lost business due to his injuries. This term is often used in legal contexts to describe a reduction in the value of a business or asset caused by adverse events. In this scenario, Chandler is likely arguing that his injuries will lead to a decrease in his ability to earn income or profits, thereby diminishing the overall value of his business.

Future lost business refers specifically to projected earnings that he would have received but cannot because of the injuries sustained. This concept is critical in calculating damages, as it attempts to quantify the financial impact of the injuries on his future earning potential. By focusing on diminution of value, Chandler aims to demonstrate how the injuries not only affect his current situation but also negatively influence his future financial prospects.

In contrast, punitive damages are meant to punish the wrongdoer rather than compensate the victim, joint tortfeasors refer to multiple parties being responsible for a single injury, and reservation of rights involves an insurer's ability to defend a claim while maintaining the right to deny coverage later. These terms do not accurately encapsulate the idea of compensation for future lost business as Chandler is seeking.