loss

loss
A deprivation. Damage; also the act of losing and the thing lost. 22 Am J2d Damg § 1. The word is not one of limited, hard and fast meaning. There are many kinds of loss, besides money out of pocket. No man would doubt that he might rightly call a "loss" that event which changed his status from solvency to insolvency. In the strictest sense of the word a man against whom a tort judgment has become final has suffered a loss. Schambs v Fidelity & Casualty Co. (CAS La) 250 F 6, 6 ALR 1231, 1233. Even though a showing of losses may be necessary to constitute the particular transaction a joint adventure, the term "loss" does not necessarily mean actual monetary loss. There is a loss if one's time has been for nought. Summers v Hoffman, 341 Mich 686, 69 NW2d 198, 48 ALR2d 1033. See actual total loss; constructive total loss; direct loss; fire loss; indemnity insurance; liability insurance; proof of loss; risk and causes of loss; total loss.

Ballentine's law dictionary. . 1998.

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  • loss — n 1: physical, emotional, or esp. 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 …   Law dictionary

  • loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …   Black's law dictionary

  • loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …   Black's law dictionary

  • loss — W1S2 [lɔs US lo:s] n [: Old English; Origin: los destruction ] 1.) [U and C] the fact of no longer having something, or of having less of it than you used to have, or the process by which this happens loss of ▪ The court awarded Ms Dixon £7,000… …   Dictionary of contemporary English

  • loss — [ lɔs ] noun *** ▸ 1 no longer having something ▸ 2 having less than before ▸ 3 failure to win race etc. ▸ 4 money lost ▸ 5 death of someone ▸ 6 sadness from death/loss ▸ 7 disadvantage from loss ▸ + PHRASES 1. ) count or uncount the state of not …   Usage of the words and phrases in modern English

  • Loss — may refer to:*A negative difference between retail price and cost of production *An event in which the team or individual in question did not win. *Loss (baseball), a pitching statistic in baseball *Attenuation, a reduction in amplitude and… …   Wikipedia

  • Loss — (l[o^]s; 115), n. [AS. los loss, losing, fr. le[ o]san to lose. [root]127. See {Lose}, v. t.] 1. The act of losing; failure; destruction; privation; as, the loss of property; loss of money by gaming; loss of health or reputation. [1913 Webster]… …   The Collaborative International Dictionary of English

  • loss — [lôs, läs] n. [ME los < pp. of losen, lesen, to LOSE] 1. a losing or being lost 2. an instance of this 3. the damage, trouble, disadvantage, deprivation, etc. caused by losing something 4. the person, thing, or amount lost 5. any reduction,… …   English World dictionary

  • loss — (n.) O.E. los loss, destruction, from P.Gmc. *lausa (see LOSE (Cf. lose)). The modern word, however, probably evolved 14c. with a weaker sense, from lost, the original pp. of lose. Phrase at a loss (1590s) originally refers to hounds losing the… …   Etymology dictionary

  • loss — ► NOUN 1) the fact or process of losing something or someone. 2) the feeling of grief after losing a valued person or thing. 3) a person or thing that is badly missed when lost. 4) a defeat in sport. ● at a loss Cf. ↑at a loss …   English terms dictionary

  • løss — sb., en (en jordart), i sms. løss , fx løssaflejring …   Dansk ordbog

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