Definition of loss

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TeachMeFinance.com - explain loss



loss -- (1) the situation in which money received from the sale of an item is less than the money previously spent to buy the item. (2) the excess of costs and expenses over income. (3) a category of classified assets. See classification of assets.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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