LOSS

noun Etymology: Middle English los, probably back-formation from lost, past participle of losen to lose Date: 13th century destruction , ruin , 2. the act of losing possession ; deprivation , the harm or privation resulting from ~ or separation , an instance of losing, a person or thing or an amount that is lost: as, killed, wounded, or captured soldiers, the power diminution of a circuit or circuit element corresponding to conversion of electrical energy into heat by resistance, 4. failure to gain, win, obtain, or utilize, an amount by which the cost of something exceeds its selling price, decrease in amount, magnitude, or degree, the amount of an insured's financial detriment by death or damage that the insurer is liable for