Simple Definition of loss
: failure to keep or to continue to have something
: the experience of having something taken from you or destroyed
: money that is spent and that is more than the amount earned or received
Full Definition of loss
2 a : the act of losing possession : deprivation <loss of sight> b : the harm or privation resulting from loss or separation c : an instance of losing
3 : a person or thing or an amount that is lost: as a plural : killed, wounded, or captured soldiers b : the power diminution of a circuit or circuit element corresponding to conversion of electrical energy into heat by resistance
4 a : failure to gain, win, obtain, or utilize b : an amount by which the cost of something exceeds its selling price
5 : decrease in amount, magnitude, or degree
6 : the amount of an insured's financial detriment by death or damage that the insurer is liable for
1 : uncertain as to how to proceed <was at a loss to explain the discrepancy>
2 : unable to produce what is needed <at a loss for words>
Examples of loss in a sentence
The storm caused widespread loss of electricity.
The company's losses for the year were higher than expected.
A careless error resulted in the loss of the game.
The team suffered a 3–2 loss in the last game.
The team has an equal number of wins and losses.
the party's losses in the recent election
Origin of loss
Middle English los, probably back-formation from lost, past participle of losen to lose
First Known Use: 13th century
LOSS Defined for Kids
Definition of loss for Students
1 : the act or fact of losing something <a loss of courage>
2 : harm or distress that comes from losing something or someone <We all felt the loss when he left.>
3 : something that is lost <weight loss>
4 : failure to win <It was the team's first loss.>
: unsure of how to proceed
Legal Definition of loss
1 : physical, emotional, or especially economic harm or damage sustained: as a : decrease in value, capital, or amount — compare gain b : an amount by which the cost of something (as goods or services) exceeds the selling price — compare profit c : something unintentionally destroyed or placed beyond recovery d : the amount of an insured's financial detriment due to the occurrence of a stipulated event (as death, injury, destruction, or damage) in such a manner as to create liability in the insurer under the terms of the policy Editor's note: As a general rule, economic losses are deductible from adjusted gross income under section 165 of the Internal Revenue Code. There are, however, numerous exceptions and limitations. actual loss : the identifiable and calculable monetary detriment that is suffered or will be suffered as a result of an act or event actual total loss : a loss in marine insurance in which the property (as a vessel or cargo) cannot be repaired or recovered — compare constructive total loss in this entry capital loss : the amount by which the book value of a capital asset exceeds the amount realized from the sale or exchange of the asset casualty loss : loss of property as a result of a fire, storm, shipwreck, or other catastrophic event consequential loss : a loss that arises as an indirect result of an act or event —called also indirect loss — compare direct loss in this entry constructive total loss : a loss in marine insurance in which the cost of repairing or recovering a ship or its cargo would be more than the ship or cargo is worth — compare actual total loss in this entry direct loss : a loss arising directly from an act or event — compare consequential loss in this entry indirect loss : consequential loss in this entry net operating loss : the amount by which the expenses of operating a business exceed the income derived from it — see also carryback, carryover ordinary loss : a loss from the sale or exchange of any asset that is not a capital asset partial loss : a loss arising from damage to property that does not render it a total loss total loss : a loss arising from damage to property that is so substantial as to make the property valueless to an insured
2 : the act or fact of suffering physical, emotional, or especially economic harm or detriment
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