Loss

Business, Legal & Accounting Glossary

Definition: Loss



What is the dictionary definition of Loss?

Dictionary Definition


n.

  1. the value placed on injury or damages due to an accident caused by another’s negligence, a breach of contract or other wrongdoing. The amount of monetary damages can be determined in a lawsuit.
  2. when expenses are greater than profits, the difference between the amount of money spent and the income.

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/loss/
Modern Language Association (MLA):
Loss. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 20, 2020 https://payrollheaven.com/define/loss/.
Chicago Manual of Style (CMS):
Loss. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/loss/ (accessed: October 20, 2020).
American Psychological Association (APA):
Loss. PayrollHeaven.com. Retrieved October 20, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/loss/

Definition Sources


Definitions for Loss are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 1 Views.