noun the amount of money or value that is lost
In real estate, 'total loss' can refer to a property that has been damaged beyond repair, making it unsalvageable and resulting in a complete loss of value for the property owner.
In finance, 'total loss' can be used to describe a situation where an investment or financial asset has depreciated in value to the point where it is no longer valuable or profitable.
In legal contexts, 'total loss' may refer to a situation where a party suffers a complete loss or defeat in a legal case, resulting in significant consequences or damages.
In the automotive industry, 'total loss' is used to describe a vehicle that has been severely damaged in an accident or other event, to the point where the cost of repairs exceeds the vehicle's value, leading to it being declared a total loss by insurance
In insurance, 'total loss' refers to a situation where the cost to repair a damaged property exceeds its value, resulting in the property being deemed a total loss and the policyholder receiving compensation for the full value of the property.
In shipping and logistics, 'total loss' can refer to a situation where a shipment or cargo is completely destroyed or lost during transit, leading to a total financial loss for the parties involved.
In the insurance industry, 'total loss' refers to a situation where the cost to repair or replace a damaged or stolen vehicle exceeds its actual cash value.
In the field of psychology, 'total loss' may be used to describe a situation where an individual experiences a complete and irreversible breakdown in mental health or emotional well-being.