Definition, Meaning & Synonyms
total-probable-loss
noun
/ˈtoʊtəl ˈprəʊbəbl lɔs/
Definition
Total-probable-loss refers to the estimated amount of loss that is likely to occur from a specific situation or risk.
Examples
- The total-probable-loss assessment helped the company prepare for potential future risks.
- In insurance, calculating the total-probable-loss is essential for determining premiums.
- During the financial audit, the accountant reviewed the total-probable-loss to reassure stakeholders.
Meaning
This term is often used in finance and insurance to represent the comprehensive assessment of potential losses based on existing data and probability analysis.
Synonyms
- Estimated loss
- Expected loss
- Plausible loss
