What is the law of loss?
The principle is based on the fact that a percentage loss hurts your portfolio more than an equal percentage gain helps it. That's because a percentage loss can only be erased by a larger percentage gain, regardless of whether the loss or gain occurs first.
What does loss mean in a contract?
A loss contract is a contract in which the expected consideration from the customer is less than the expected costs of fulfilling the contract.
What is difference between damage and loss?
Loss indicates irreversible damage, such as land loss because of sea-level rise or loss of freshwater resources because of desertification. Damage involves reparable harm such as shoreline or infrastructure impacts linked to climate change. It is important to distinguishbetween economic losses and non-economic losses.
What is physical loss?
Physical Loss means accidental physical loss or accidental physical damage.