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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 ?
Prognosis and treatment of sudden sensorineural hearing loss. Am J Otol 1996; 17: 529-36.
Combination therapy (intratympanic dexamethasone + high-dose prednisone taper) for the treatment of idiopathic sudden sensorineural hearing loss. Otol Neurotol 2008; 29: 453-60.
Sudden sensorineural hearing loss. Otolaryngologic Clinics of North America 1996;29(3):393-405.
A pure tone audiogram in the right ear revealed sensorineural hearing loss with an audiometric notch for 3 kHz.
The most prominent included sensorineural hearing loss and deafness.
Bilateral sudden sensorineural hearing loss in a patient with microangiopathic antiphospholipid syndrome.
Sudden sensorineural hearing loss (SSNHL) defined as sudden idiopathic, usually unilateral deafness developed in most within 72 hours in previously healthy person.
The Role of HRCT in The Evaluation of Congenital Sensorineural Hearing Loss. The Med J of Kocatepe 2004; 5: 49-53.
Yeung, "Hyperbaric oxygen for idiopathic sudden sensorineural hearing loss and tinnitus," Cochrane database of systematic reviews (Online), no.
Drugs induced sensorineural hearing loss was also included in the list of exclusion criteria.
Five (7%) infants had sensorineural hearing loss, all of whom had severe microcephaly; however, one child was tested after receiving treatment with an ototoxic antibiotic.