loss management

Popular Terms
A practice in businesses whereby a company seeks to identify and prevent events causing a potential drop in value to their revenue, assets, or services. This can be done through changing the company's operating policies or business model so as to limit the chances of loss.

Notable Quotable

The Importance of Bank Mitigators
"When working with bank loss mitigation it is important to realize that loss mitigators can make or break your deal. For best results, mortgage experts advise developing a good working relationship with loss mitigators."
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