The difference between Loss and Profit
When used as nouns, loss means an instance of losing, such as a defeat, whereas profit means total income or cash flow minus expenditures. the money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.
Profit is also verb with the meaning: to benefit (somebody), be of use to (somebody).
check bellow for the other definitions of Loss and Profit
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Loss as a noun:
an instance of losing, such as a defeat
Examples:
"The match ended in their first loss of the season."
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Loss as a noun:
The result of an alteration in a function or characteristic of the body, or of its previous integrity.
Examples:
"Loss of an arm ; loss of weight ; loss of cognitive functions ; loss of appetite."
"In other areas, glacier loss creates serious risk of a dry period across the Third Pole, Wang said.'' [[File:In other areas, glacier loss creates serious risk of a dry period across the Third Pole, Wang said.ogg]]"
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Loss as a noun:
the hurtful condition of having lost something or someone, particularly in death.
Examples:
"We mourn his loss."
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Loss as a noun (in the plural):
casualties, especially physically eliminated victims of violent conflict
Examples:
"The battle was won, but losses were great."
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Loss as a noun (financial):
the sum an entity loses on balance
Examples:
"The sum of expenditures and taxes minus total income is a loss, when this difference is positive."
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Loss as a noun:
destruction, ruin
Examples:
"It was a terrible crash: both cars were total losses"
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Loss as a noun (engineering):
electricity of kinetic power expended without doing useful work
Examples:
"The inefficiency of many old-fashioned power plants exceeds 60% loss before the subsequent losses during transport over the grid"
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Loss as a verb (colloquial):
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Profit as a noun (accounting, economics):
Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.
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Profit as a noun (dated, literary):
Benefit, positive result obtained.
Examples:
"Reading such an enlightening book on the subject was of much profit to his studies."
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Profit as a noun (legal):
In property law, a nonpossessory interest in land whereby a party is entitled to enter the land of another for the purpose of taking the soil or the substance of the soil (coal, oil, minerals, and in some jurisdictions timber and game).
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Profit as a verb (transitive):
To benefit (somebody), be of use to (somebody).
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Profit as a verb (intransitive, construed with '''from'''):
To benefit, gain.
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Profit as a verb (intransitive, construed with '''from'''):
To take advantage of, exploit, use.