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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 ?
But in none of the previous articles, the loss of consciousness was evaluated for meningitis and encephalitis while these infections and lead toxicity are two important DDx in these patients and missing each of them is a big mistake that could result in morbidity and mortality.
Headache and loss of consciousness were the symptoms/signs of head injury that were suggestive of intracranial hemorrhage, but syncope and amnesia were not (Table 3).
Hyperbaric oxygen (HBO) treatment was given to the patients who had neurological findings including focal neurological signs, loss of consciousness, coma and seizure and whose blood COHb level was >40%.
Concussion was suggested on the playing field by the club physician in the presence of confusion or memory disturbances (23) following a direct, violent shock such as a collision or tackling associated or without loss of consciousness. These symptoms were investigated using the 5 Maddocks (24) questions with one wrong answer justifying removal from the field.
It is important to note that loss of consciousness after the head trauma is not a factor in managing concussion.
An inquest at Bournemouth Coroner's Court heard he suffered ALOC (almost loss of consciousness) and there was little reaction from Flt Lt Egging when another pilot shouted at him to check his height.
The six symptoms of the silent killer are headaches, dizziness, nausea, breathlessness, collapse and loss of consciousness.
Carbon monoxide is an odorless gas that can poison the air and cause nausea, loss of consciousness and eventually death.
No boxer suffered loss of consciousness. There were no hand injuries, no lacerations, two nosebleeds and two minor facial bruises.
Nearly half had suffered loss of consciousness, which the scientists say could be linked to cognitive or behaviour problems.
People who suffer from methaemoglobinaemia have high blood methaemoglobin concentration with usual symptoms like cyanosis, headache, dizziness, shortness of breath, and loss of consciousness.
This often results in hypoxic situations where due to the lack of oxygen people (often non-natives), experience loss of consciousness and other insidious and irreversible consequences such as comatose state and paralysis.