total loss

Noun

 * 1)  An insured item of which the entire value is written off.
 * 2)  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.
 * 1)  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.

Translations

 * Finnish:
 * Norwegian:
 * Bokmål: totaltap
 * Nynorsk: totaltap
 * Portuguese: perda total