financial loss

Definitions of financial loss
1

n loss of money or decrease in financial value

Types:
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default, nonpayment, nonremittal
loss resulting from failure of a debt to be paid
capital loss
the amount by which the purchase price of an asset exceeds the selling price; the loss is realized when the asset is sold
depreciation, wear and tear
decrease in value of an asset due to obsolescence or use
losings, losses
something lost (especially money lost at gambling)
delinquency
nonpayment of a debt when due
straight-line method, straight-line method of depreciation
(accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life
write-down, write-off
(accounting) reduction in the book value of an asset
Type of:
loss
something that is lost

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