LOSS Loss, n. Etym: [AS. los loss, losing, fr. leósan to lose. 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. Assured loss before the match be played. Shak.
2. The state of losing or having lost; the privation, defect, misfortune, harm, etc., which ensues from losing. Though thou repent, yet I have still the loss. Shak
3. That which is lost or from which one has parted; waste; — opposed to gain or increase; as, the loss of liquor by leakage was considerable.
4. The state of being lost or destroyed; especially, the wreck or foundering of a ship or other vessel.
5. Failure to gain or win; as, loss of a race or battle.
6. Failure to use advantageously; as, loss of time.
7. (Mil.)
Defn: Killed, wounded, and captured persons, or captured property.
8. (Insurance)