Definition of «complete loss»

The term "complete loss" refers to a situation where there is no hope or possibility for recovery, repair, or restoration. It means that something has been destroyed, damaged, or lost beyond repair and cannot be restored to its original condition. In insurance terms, it typically refers to a total loss of property or assets due to damage, theft, or other calamity, where there is no value left to salvage or recover. Essentially, a complete loss signifies that everything has been lost, and there are no remaining options for recovery or repair.

Phrases with «complete loss»

Sentences with «complete loss»

  • There are clear risks for investors and consumers associated to price volatility, including the risk of complete loss of investment, operational and security failures, market manipulation and liability gaps. (bitcoinmagazine.com)
  • I was at complete loss of what to wear. (preppypanache.com)
  • Such incidents can result in complete loss of motor function below the injury. (justiceyoudeserve.com)
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