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Definition of loss : 1. Destruction or diminution of value, if brought about in a manner provided for in the insurance contract ( as destruction by fire or wreck, damage by water or smoke), or the death or injury of an insured person; also, the sum paid or payable therefor; as, the losses of the company this year amount to a million of dollars.
2. Failure to gain or win; as, loss of a race or battle.
3. Failure to use advantageously; as, loss of time.
4. Killed, wounded, and captured persons, or captured property.
5. That which is lost or from which one has parted; waste; - opposed to gain or increase; as, the loss of liquor by leakage was considerable.
6. The act of losing; failure; destruction; privation; as, the loss of property; loss of money by gaming; loss of health or reputation.
7. The state of being lost or destroyed; especially, the wreck or foundering of a ship or other vessel.
8. The state of losing or having lost; the privation, defect, misfortune, harm, etc., which ensues from losing.

Synonyms:

handout, liberation, decline, sacking, injury, disaster, blemish, misadventure, death, divergence, waiver, extirpation, release, acquittance, passing game, passing play, undoing, immolation, issue, failure, outlet, bolshie, wound, retrogression, passing, bane, pass, suppression, vent, freeing, way out, mishap, cataclysm, personnel casualty, deprival, neediness, press release, outrage, eradication, rich, get, red, spillage, catastrophe, disorganization, tone ending, departure, redness, spill, hurt, evil, injustice, destitution, expiry, damage, sack, give, sledding, advantage, expiration, breathing out, exit, giving up, retardation, extinction, wrong, overtaking, dismission, calamity, trial, accident, bankruptcy, deviation, losing, misplacement, relapse, wreckage, going away, leaving, degeneration, button, dismissal, lack, mischief, difference, annihilation, sacrifice, need, detriment, disadvantage, firing, advancement, bereavement, misfortune, termination, passage, qualifying, impairment, extermination, end, exhalation, waste, harm, supply, wreck, perdition, going, bolshy, destruction, discharge, deterioration, red ink, want, prejudice, trouble

doubtful, undecided, unsure, puzzled, at sea

dispossession, erosion, debit, penalty, privation, exhaustion, deprivation, divestiture, setback, decrease, dissipation, expropriation, ruin, depletion, forfeiture, shrinkage, decrement, attrition, dissolution

Usage examples:

• Loss of blood and want of air do not give it a chance to fight. - "My Attainment of the Pole", Frederick A. Cook.
• Mrs. Bunker, as well as Cousin Tom and his wife, felt sorry on hearing of Rose's loss, but they, too, felt sure that the ornament would be found on the sand in the morning. - "Six Little Bunkers at Cousin Tom's", Laura Lee Hope.
• She might, with this grown- up son of her husband's whom she had hardly seen, have shown herself shy, embarrassed, at a loss how to take him. - "Mary Wollaston", Henry Kitchell Webster.