English · Work & Business
loss
/lɒs/
[/lɒs/]
money lost; something gone
Beginnernoun
Definition
The fact of losing money in business, or the state of no longer having something or someone.
Example
The company reported a heavy loss last quarter after several of its products failed.
The company reported a heavy loss last quarter after several of its products failed.
Etymology
From Old English 'los' meaning 'destruction, ruin', related to 'lose'.
How & Where It’s Used
Used in finance and also emotionally (the loss of a loved one).