loss
Definition 1
General: Unrecoverable and usually unanticipated and non-recurring removal of, or decrease in, an asset or resource.
Definition 2
Accounting: (1) cost that produces no benefit, (2) decrease in value, (3) excess of expenditure over income, (4) excess of cost over the net proceeds from a transaction.
Definition 3
Insurance: (1) reduction in the value of an insured property due to an insured peril, (2) amount sought in an insurance claim, or (3) amount paid under an insurance contract.
Mentioned in these terms
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