(redirected from GLOC)
Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia.


Diminution, reduction, depreciation, decrease in value; that which cannot be recovered.

The term loss is a comprehensive one, and relative, since it does not have a limited or absolute meaning. It has been used interchangeably with damage, deprivation, and injury.

In the law of insurance, a loss is the ascertained liability of the insurer, a decrease in value of resources, or an increase in liabilities. It refers to the monetary injury that results from the occurrence of the contingency for which the insurance was taken out.

Loss of earning capacity is an injury to an individual's ability to earn wages at a future time and may be recovered as an element of damages in a tort case.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


n. 1) the value placed on injury or damages due to an accident caused by another's negligence, a breach of contract or other wrongdoing. The amount of monetary damages can be determined in a lawsuit. 2) when expenses are greater than profits, the difference between the amount of money spend and the income. (See: damages)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

LOSS, contracts. The deprivation of something which one had, which was either advantageous, agreeable or commodious.
     2. In cases of partnership, the losses are in general borne by the partners equally, unless stipulations or circumstance's manifest a different intention. Story, Partn. Sec. 24. But it is not essential that the partners should all share the losses. They may agree, that if there shall be no profits, but a loss, that the loss shall be borne by one or more of the partners exclusively, and that the others shall, inter se, be exempted from all liabilities for losses. Colly. Partn. 11; Gow, Partn. 9; 3 M. & Wels. 357; 5 Barn. & Ald. 954 Story, Partn. Sec. 23.
     3. When a thing sold is lost by an accident, as by fire, the loss falls on the owner, res perit domino, and questions not unfrequently arise, as to whether the thing has been delivered and passed to the purchaser, or whether it remains still the property of the seller. See, on this subject, Delivery.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The AGSM is your best defense against GLOC, but the majority of GLOC events in the last 5 years resulted from an inadequate strain.
Fifteen years after UPT, I experienced my second "magical" experience with GLOC.
But the suspect allegedly grabbed the 9 mm gloc service firearm of Tampus and shot the policeman.
Confiscated from Nino was a 9-millimeter Gloc pistol.
Gloc 9-Francis Magalona might have invented Pinoy rap, but Aristotle Pollisco aka Gloc 9 gave it mass appeal.
The official rejected the notion that Pakistan was not being paid for the usage of Ground Lines of Communication (GLOC), and stated that a new agreement has been reached according to which an extra 350 million dollars will be paid to Pakistan.
McCaskill responding to the concerns of US lawmaker, General Philip Breedlove, Vice Chief of the Air Force, cautioned the additional financial burden the US forces might have to face if Pakistan does not reopens the ground lines of communications (GLOC).
She was determined to learn the Filipino language so she decided to practice rhyming Gloc's famous hit.
"There is no question of anyone cutting a deal on anything behind Parliament's back, whether it is drones or the GLOC," Rehman said.
"I think there are still some remaining issues that need to be resolved, but they do not require the kind of technical people that were involved in the GLOC consultations for the past 45 days," he said.
"Gloc 9, as we all know, is a celebrated rapper in Philippines, and Abra is currently the hottest Filipino act," says Paras Sharma, vice president of MTV Comedy Central & Digital Media in Asia.
Parokya ni Edgar joins Gloc 9 and Eye Candies on Oct.