financial loss

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financial loss

A family reviews a household budget showing a financial loss.

Definition

Noun A decrease in monetary value or the forfeiture of money. It refers to the negative financial outcome resulting from a transaction, investment, business operation, or unforeseen event.

Usage

The term "financial loss" is used to quantify a specific monetary deficit. It is a formal term common in business, accounting, legal, insurance, and personal finance contexts. It describes a measurable reduction in wealth or capital.

Examples
  • The company reported a financial loss of $2 million for the fiscal quarter.
  • Selling the car now would result in a significant financial loss.
  • The insurance policy covers financial loss due to theft or property damage.
  • Investors are seeking compensation for their financial losses after the fraud was uncovered.
Advanced Usage
  • "To incur/suffer/sustain a financial loss": These verbs are commonly collocated with "financial loss" to describe experiencing the loss.
    • The small business incurred heavy financial losses during the pandemic.
  • "To offset/mitigate a financial loss": Refers to actions taken to reduce the impact or amount of the loss.
    • Diversifying investments can help mitigate potential financial losses.
Variants and Related Words
  • Loss (n.): A more general term for the act or an instance of losing. "Financial loss" specifies the type of loss.
  • Net Loss (n.): An accounting term for when total expenses exceed total revenues.
  • Capital Loss (n.): A specific type of financial loss resulting from selling an asset for less than its purchase price.
  • Write-off (n.): An accounting action where an asset is deemed to have no recoverable value, recognizing it as a financial loss.
Synonyms
  • Monetary loss
  • Pecuniary loss
  • Deficit
  • Depletion (of funds/capital)
Antonyms
  • Financial gain
  • Profit
  • Return (on investment)
  • Surplus
Related Phrases
  • "At a loss": Experiencing a situation where costs exceed revenue.
    • The store has been operating at a loss for six months.
  • "Cut one's losses": To abandon an enterprise that is causing financial loss to prevent further loss.
    • We decided to cut our losses and sell the failing project.
financial loss

A family reviews a household budget showing a financial loss.

Noun
  1. loss of money or decrease in financial value