loss / lôs; läs/ • n. the fact or process of losing something or someone: avoiding loss of time | funding cuts will lead to job losses | loss-making industries. ∎ the state or feeling of grief when deprived of someone or something of value: I feel a terrible sense of loss. ∎ the detriment or disadvantage resulting from losing: his fall from power was no loss to the world. ∎ [in sing.] a person or thing that is badly missed when lost: he will be a great loss to many people. ∎ Physics a reduction of power within or among circuits, measured as a ratio of power input to power output.PHRASES: at a loss1. puzzled or uncertain what to think, say, or do: she became popular, and was at a loss to know why he was at a loss for words.2. making less money than is spent buying, operating, or producing something: a railroad running at a loss.
Diminution, reduction, depreciation, decrease in value; that which cannot be recovered.
The term loss is a comprehensive one, and relative, since it does not have a limited or absolute meaning. It has been used interchangeably with damage, deprivation, and injury.
In the law of insurance, a loss is the ascertained liability of the insurer, a decrease in value of resources, or an increase in liabilities. It refers to the monetary injury that results from the occurrence of the contingency for which the insurance was taken out.
Loss of earning capacity is an injury to an individual's ability to earn wages at a future time and may be recovered as an element of damages in a tort case.
there's no great loss without some gain expressing consolation or resignation; proverbial saying, mid 17th century.