Definition
Loss, in Risk Management context means economic loss, including material discount effects, and material direct and indirect costs associated with a Risk Event. Also, any unrecoverable resources that are redirected or removed as a result of a Business Continuity event.
Examples
Loss, in Credit Risk Management context means economic loss, including material discount effects, and material direct and indirect costs associated with collecting on an instrument[1]
References
- ↑ Directive 2006/48/EC Of the European Parliament and of the Council
