According to the context in which it is used, the word lost may refer various questions.
Deprivation of what was owned
Used in its broadest sense, a loss is the lack or deprivation of what was possessed.
Person or thing that was lost
You can also refer to that amount, thing, or person that has been lost; "The loss of his mother continues to be one of his greatest sorrows"; "We have lost a large amount of money with the bankruptcy of the bank."
These types of losses that we talked about, the personal ones, the affections and the material ones, usually cause a tremendous emotional shock in the person who suffers them. Although, of course, the loss of a human being cannot be compared with an amount of money or property, because there is no possible relationship between the two, we must say that both issues affect normal life and the emotional stability of a person.
The loss of a loved one will cause deep pain and sadness and the loss of a sum of money will create a complication in daily life and can lead to depression if the situation cannot be repaired.
Leakage of a liquid
On the other hand, when the leakage of a liquid or gas, is often heard referring to the same that there was a loss. "Last night we had to vacate the building as a result of a gas leak that occurred on the fourth floor."
These situations are extremely dangerous for the life and health of people and by case it is that they must be reported as soon as they are noticed in order to prevent scenarios and not regret misfortunes.
When a person perceives a gas leak in their home or in their neighborhood, for example, they must notify the fire brigade, the police, or any other assistance and prevention agent, and of course the company that manages it must also be summoned. the supply for you to intervene with your trained professionals to fix the problem.
Damage suffered
To the damage or harm that is received from a thing it is also designated as loss. "The flood in the business caused us a great loss of newly acquired merchandise."
In these cases where it is normally a matter of material losses, the affected party may make legal claims to those persons or organizations that correspond to respond by delivering the corresponding compensation based on the damage caused or received.
In the example indicated, the business owner may take action against the person who rents to him or against those responsible for the flood, for example the municipality that did not carry out the pertinent hydraulic works.
Synonym of waste of time
And the misuse or waste that is carried out on an issue or thing it is said to be a loss. "The meeting was an absolute waste of time, no agreement was reached as expected."
The capital loss is that decrease in the value of an asset as a consequence of the decrease in its price.
Use in law
While, The total loss, in law, will occur when the insured object loses its inherent nature and cannot fulfill the mission for which it was destined.
Likewise, one can speak of total loss when the insured is irretrievably stripped of the insured object.
