English Dictionary

total loss

noun

(accounting) An insured item of which the entire value is written off / (insurance) An insured item that is written off when it is beyond repair, or when the cost of repair exceeds the insured value.

The car was declared a total loss after the accident.

意味（1）

(accounting) An insured item of which the entire value is written off

意味（2）

(insurance) An insured item that is written off when it is beyond repair, or when the cost of repair exceeds the insured value.

The ship was declared a constructive total loss.