Category: L

The number of losses over a period of time.

Income loss on a company’s financial statement accounting for labor strike’s financial impact.

Income loss on a company’s financial statement accounting for litigation proceedings’ financial impact.

Loan payments a consumer cannot make and no longer recoverable are a loss amount. T

Below-cost sale as advertised of goods or services. Intended to increase retail store customer visits. Assumption is visits will also increase full-priced item purchases. Also refer to price leader.

A decrease on the profit return results in this condition as the current value of the investment is less that the bid.

In insnrance. The injury or damage sustained by the insured in consequence of the happening of one or more of the accidents or misfortunes against which the insurer, in consideration of the premium, has undertaken to indemnify the insured. 1 Bouv. Inst no. 1215.

Claim adjustment’s total cost over and above the actual claim payout, which is excluded.

The insurer / insurance company hires one for an insured’s insurance claim investigation and settlement an insured. This person is typically and independent entity. Also refer to loss assessor.

Property damage payout due to a homeowners association or property owners group as the insured’s portion of the total amount owed due. This charge-type coverage is offered by certain homeowners insurance policies.