LOSE WAY, To. When a ship slackens her progress in the water.
LOSING the Number of the Mess. Dead, drowned, or killed. (See [Number].)
LOSING GROUND. Dropping to leeward while working; the driftage.
LOSS. Total loss is the insurance recovered under peril, according to the invoice price of the goods when embarked, together with the premium of insurance. Partial loss upon either ship or goods, is that proportion of the prime cost which is equal to the diminution in value occasioned by the damage. (See [Insurance].)
LOSSAN. A Manx or Erse term for the luminosity of the sea.
LOST. The state of being foundered or cast away; said of a ship when she has either sunk, or been beat to pieces by the violence of the sea.
LOST DAY. The day which is lost in circumnavigating the globe to the westward, by making each day a little more than twenty-four hours long. (See [Gained Day].)
LOST HER WAY. When the buoy is streamed, and all is ready for dropping the anchor.
LOST! LOST! When a whale flukes, dives, or takes tail up to "running," and the boats have no chance in chasing.
LOST OR NOT LOST. A phrase originally inserted in English policies of insurance, in cases where a loss was already apprehended. It is now continued by usage, and is held not to make the contract a wager, nor more hazardous.