Financial loss refers to a decrease in wealth or income, often resulting from an unexpected event such as a natural disaster, financial market downturn, or business failure. It can also be caused by poor investment decisions, overspending, theft, or other factors that lead to a reduction in one's assets, savings, or revenue. Financial loss can have significant emotional and practical consequences for individuals and organizations, as it may affect their ability to meet financial obligations, achieve future goals, or maintain a comfortable standard of living.