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If you are referring to a business, or person; a loss year would be a year in which they have lost monetary value.
E.G. A company on the 1st of June 2011 is worth $320,000,000. At the beginning of June 2012, they are only worth $260,000,000. This may be due to a difficult market during the year, faulty management, or a lack of customers.
Danika Abbott
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Primary loss?
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insurable loss
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The cost of overhead minus the selling price?
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