Catastrophic loss

Updated: Aug 20, 2021

A loss, or succession of related losses, which lead to extreme consequences. In a business context the extreme consequences could corporate or individual bankruptcy, or total loss of assets. More generally, can refer to significant damage to infrastructure or loss of life.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.