the ratio of the losses paid or accrued by an insurer to premiums earned, usually for a period of one year.
the ratio of the annual losses sustained to the premiums received by an insurance company
[law-see, los-ee] /ˈlɔ si, ˈlɒs i/ adjective, Electricity. 1. (of a material or transmission line) causing appreciable or dissipation of energy. /ˈlɒsɪ/ adjective 1. (of a dielectric material, transmission line, etc) designed to have a high attenuation; dissipating energy: lossy line Compare lossless adj. “characterized by loss,” 1948, a term in electrical engineering, from loss […]
- Lossy audio compression
audio, compression Any audio compression algorithm which does not retain every bit of data but only reproduces a signal that sounds more or less like the original. Examples are MP1, MP2, MP3, AAC. (2001-12-24)
[lawst, lost] /lɔst, lɒst/ adjective 1. no longer possessed or retained: lost friends. 2. no longer to be found: lost articles. 3. having gone astray or missed the way; bewildered as to place, direction, etc.: lost children. 4. not used to good purpose, as opportunities, time, or labor; wasted: a lost advantage. 5. being something […]
noun 1. a room in a public place for items left behind and from which the owners may retrieve them.