- The act of losing; failure; destruction; privation; as,
the loss of property; loss of money by gaming; loss of health or
reputation. - The state of losing or having lost; the privation, defect,
misfortune, harm, etc., which ensues from losing. - That which is lost or from which one has parted; waste; --
opposed to gain or increase; as, the loss of liquor by leakage was
considerable. - The state of being lost or destroyed; especially, the
wreck or foundering of a ship or other vessel. - Failure to gain or win; as, loss of a race or battle. - Failure to use advantageously; as, loss of time. - Killed, wounded, and captured persons, or captured
property. - Destruction or diminution of value, if brought about in a
manner provided for in the insurance contract (as destruction by fire
or wreck, damage by water or smoke), or the death or injury of an
insured person; also, the sum paid or payable therefor; as, the losses
of the company this year amount to a million of dollars.
Meaning of 'loss' (Princeton's WordNet)
1 . loss
[ n]
Meaning (1): - gradual decline in amount or activity
Example in sentence:
a serious loss of business;
weight loss
Meaning (2): - the act of losing someone or something
Example in sentence:
everyone expected him to win so his loss was a shock
Meaning (3): - the experience of losing a loved one
Example in sentence:
he sympathized on the loss of their grandfather
Meaning (4): - the disadvantage that results from losing something
Example in sentence:
his loss of credibility led to his resignation;
losing him is no great deprivation
Meaning (5): - something that is lost
Example in sentence:
loss of livestock left the rancher bankrupt;
the car was a total loss
Meaning (6): - the amount by which the cost of a business exceeds its revenue
Ultimate net loss Ultimate net loss is the total amount that the insurer is legally obligated to pay in a commercial umbrella policy.
Stop-loss limit Stop-loss limit is a modification of the coinsurance provision in major medical plans that places a dollar limit on the maximum amount that
Other-than-collision loss Other-than-collision loss is a part of the coverage available under Part D: Coverage for Damage to Your Auto in the personal auto policy.
All physical damage losses to an insured vehicle are covered except
Loss ratio method of rating Loss ratio method of rating is a rating system in property and casualty insurance by which the actual loss ratio is compared with the
Loss reserve Loss reserve is an amount set aside by property and casualty insurers for claims reported and adjusted but not yet paid, claims reported and
Loss frequency Loss frequency means the probable number of losses that may occur during some given time period.
Loss ratio Loss ratio refers the ratio of incurred losses and loss adjustment expenses to earned premiums.
Consequential loss Consequential loss means financial loss occurring as the consequence of some other loss. Consequential loss often called an indirect loss.
Causes-of-loss form Causes-of-loss form added to commercial property insurance policy that indicates the causes of loss that are covered. There are three causes-of-loss forms: basic,
Object loss In psychoanalysis, object loss refers to the loss of love from a valued external object.