LOSSES Meaning and
Definition
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Losses refers to the reduction or decrease in the value or amount of something, typically in relation to financial or material resources. It is an unfavorable outcome that occurs when the expenses, debts, or costs incurred exceed the income, revenues, or gains obtained. Losses can also refer to the decrease in value or destruction of assets, such as property, investments, or goods.
In the context of finance and accounting, losses are often measured in monetary terms and are reflected in a company's financial statements. They can arise from various sources, including unsuccessful business operations, depreciation or obsolescence of assets, a decline in market value, inadequate cost control measures, or unexpected events such as natural disasters or accidents.
Losses play a crucial role in determining the financial health and sustainability of businesses and individuals. They are often contrasted with profits or gains, and the difference between the two helps assess the overall success or failure of an endeavor. When losses occur, they can lead to financial instability, a decline in net worth, and potential cash flow problems.
In the context of insurance, losses refer to the financial compensation provided by an insurer to a policyholder for damages, injuries, or events covered by the insurance policy. The insurer assesses the extent of the losses and provides reimbursement or compensation based on the terms and conditions of the policy.
Top Common Misspellings for LOSSES *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for LOSSES
Etymology of LOSSES
The word losses has its etymology in the Old English word los or losu. This term meant destruction or ruin. The Old English word was eventually influenced by the French word los, which meant destruction or loss. Over time, the term evolved into loss in Middle English and eventually developed into the plural form losses.
Idioms with the word LOSSES
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cut your losses
The idiom "cut your losses" means to stop investing time, money, or effort into something that is not yielding positive results or likely to bring any significant benefits in the future. It implies removing oneself from a failing or unproductive situation in order to minimize further losses or damages.
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cut losses
The idiom "cut losses" refers to the act of accepting a minor loss or giving up on a failing investment or endeavor in order to prevent further losses or potential harm. It implies making the decision to stop pursuing something that is not working or is likely to result in more negative outcomes.
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cut one's losses
The idiom "cut one's losses" means to stop investing time, effort, or resources into a situation that is unlikely to succeed or has already proven to be unfruitful, in order to minimize further losses or negative consequences. It implies accepting a loss or failure and moving on to avoid wasting more resources on an unproductive venture.
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acceptable losses
The idiom "acceptable losses" refers to a situation or scenario where some degree of loss or damage is deemed acceptable or tolerable in achieving a desired outcome or goal. It implies that a certain amount of sacrifice or casualties can be considered inevitable or justified in pursuit of a greater purpose or objective.
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cut one’s losses
The idiom "cut one’s losses" means to stop pursuing a course of action that is no longer profitable or beneficial in order to minimize further loss or damage. It refers to the act of abandoning or giving up on something that is not bringing the desired results or has become more detrimental than advantageous.
Similar spelling words for LOSSES
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