An insurance contract concept that is said to exist if property is destroyed to the extent as to be no longer useful for the purpose for which it was intended, or that renders it useless and of no value to its owner.
(accounting) An insured item of which the entire value is written off.
Total-loss Sentence Examples
In total loss of her temper, she marched over and stomped on the phone, grinding it under her boot heel.
The alfalfa crop suffered particularly, the total loss being about $300,000.
The total loss of the Allies' military forces in the eight months' contest mounted up to 130,000 killed, wounded and missing.
The total loss of the English is stated at thirteen men-at-arms (including the duke of York, grandson of Edward III.) and about loo of the foot.
On the 3rd of May 1901 a fire destroyed nearly 150 blocks of buildings, constituting nearly the whole of the business part of the city, the total loss being more than $15,000,000; but within two years new buildings greater in number than those destroyed were constructed, and up to December 1909 about 9000 building permits had been granted.