presumed loss

Language: en

📖 Definitions

  1. An assumption or legal inference that something, such as life, property, or a right, has been lost, typically used when physical proof is unavailable or the event is not yet confirmed.; An estimated or assumed reduction in financial value, assets, or capital used in accounting or economic projections.

💬 Examples

  1. Due to the sudden disappearance of the ship, there was a presumed loss of life among the crew.

  2. The company's annual report included a presumed loss of revenue due to the supply chain disruption.