What is a Loss?
Loss
[los]
noun
1.
A Loss is an injury or damage that is covered by an insurance Policy. Losses can be partial, like when wind damages part of a roof, or total, as when an automobile is "totaled" in a collision.
Related Content
Mastering Mobile Lingo
Do you understand these common mobile slang terms?
What is Risk?
Do you know what Risk is?
From Boats to Brokers
From the Dutch East India Company to Wall St., the stock market has a long and storied history.