loss

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Related to central vision loss: macular degeneration

Loss

The opposite of gain.

Loss

Extracting less money from a transaction than one put into it. For example, a business' expenses may be $1 million for a year but it may only take in $800,000 in revenue. In such a case, the business has suffered a $200,000 loss. This is not always bad; most businesses lose money in the first few years of operation and this can reduce their tax liability when they do make a profit. However, losses over an extended period of time ultimately result in failure. See also: Gain, Paper Loss, Loss Carryforward, Loss Carryback.

loss

The deficiency of the amount received as opposed to the amount invested in a transaction. Compare gain. See also net loss.

loss

the shortfall between a firm's sales revenues received from the sale of its products and the total costs incurred in producing the firm's output (see BREAK-EVEN ANALYSIS). Losses may be of a temporary nature occasioned by, for example, a downturn in demand (see BUSINESS CYCLE) or due to an exceptional level of expenditures (such as the launch of a series of new products). Short-term losses are usually financed by a firm running down its RESERVES or by an increase in borrowings. Losses which are sustained over time typically arise from a firm's poor competitive position in a market (see COMPETITIVE ADVANTAGE), and unless competitiveness can be restored market exit or DIVESTMENT may be the only practical way of remedying the situation. See MARKET SYSTEM.

loss

the difference that arises when a firm's TOTAL REVENUES are less than TOTAL COSTS. In the SHORT RUN, where firms’ total revenues are insufficient to cover VARIABLE COSTS, then they will exit from the market unless they perceive this situation as being temporary. In these circumstances, where firms’ total revenues are sufficient to cover variable costs and make some CONTRIBUTION towards FIXED COSTS, then they will continue to produce despite overall losses. In the LONG RUN, however, unless firms’ revenues are sufficient to cover both variable and fixed costs, then their overall losses will cause them to exit from the market. See MARKET EXIT, LOSS MINIMIZATION, PROFIT-AND-LOSS ACCOUNT.
References in periodicals archive ?
Effect of depression on actual and perceived effects of reading rehabilitation for people with central vision loss.
As part of a person-centred low vision and rehabilitation package, eccentric viewing (EV) and steady eye strategy (SES) are practical techniques that can help many people with central vision loss use their residual vision more effectively.
Systematic scanning strategies should be taught to all individuals with central vision loss and those with peripheral vision loss, so as to allow objects to be located faster and more efficiently.
We have 86 volunteer trainers, all with central vision loss themselves, who have trained more than 310 people in their own communities, and our waiting list of nearly 1,200 people grows every day.
This develops into geographic atrophy of the RPE and choriocapillaris, causing severe central vision loss.
First, many state and private service agencies required recipients to be legally blind to qualify for Medicare-funded rehabilitation, whereas those with gradually progressing central vision loss from AMD require vision rehabilitation training long before their vision deteriorates enough to qualify as legal blindness.
CNV occurs when abnormal blood vessels sprout behind the retina, leaking blood and other fluid into the retina and triggering the sudden and severe central vision loss known as wet AMD.
The chairman of the scientific committee of the Royal College of Ophthalmologists, Winfried Amoaku, added: "Research studies around the world have shown that eccentric viewing, though a relatively new phenomenon, can help some patients with central vision loss to cope with everyday tasks such as identifying coins while out shopping, watching television and reading the time.
Each year, approximately 10% of the estimated 13 million people with macular degeneration will suffer severe central vision loss due to the wet or advanced form, which is characterized by bleeding from ruptured new blood vessels that form under the central part of the retina, called the macula.
Everybody with central vision loss should be able to access holistic rehabilitation and low vision services, that includes or links with training about eccentric viewing and steady eye techniques if they choose," she said.
OPTOMETRISTS are being urged to take up a charity's advice on handling patients with central vision loss.

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