casualty loss


Financial loss or loss of property arising from a sudden, unexpected event such as an accident.

Use casualty loss in a sentence

You need to make sure that you are fully prepared to handle any casualty loss that may come your way.

​ Was this Helpful? YES  NO 5 people found this helpful.

Considering the severity of the car accident, he was lucky to only experience casualty loss and to walk away unharmed.

​ Was this Helpful? YES  NO 10 people found this helpful.

The fire that we had in the warehouse and office last year caused a casualty loss on our tax return and we had some deferrals to consider when doing tax planning.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
married filing separately casualty insurance