Financial Terms Glossary

Loss

Formal

A failure to make a profit on a transaction. The excess of the costs involved in a transaction over the revenues generated from it.

Informal

If your first language is not English then you are excused for reading this explanation. It's a business transaction where the cost of a product or service is higher than the monies charged for the service or product. If you speak good English - you should have stayed on at college for a little longer.

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