LOSS Definition

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LOSS, in finance, is when expenses exceed sales or revenues, i.e. goods or services are sold for less than their cost.

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PATENT is a legal form of protection that provides a person or legal entity with exclusive rights to exclude others from making, using, or selling a concept or invention for the duration of the patent. There are three types of patents available: design, plant, and utility.

SIGNATURE LOAN is a loan secured by the borrower with nothing more than the signature of that borrower.

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