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loose cargo is simply cargo that is loose
'Loose' is an adjective, as in ' a box of loose screws'. The verb related to 'loose' is 'to loosen' and its past tense is 'loosened'.
as loose as a goose!
Is loose a connective
loose, or open "that jar isn't tight enough, its loose." or "he had a tight grip, but her hand had a loose grip."