direct loss Meaning in the Cambridge English Dictionary
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Meaning of “direct loss” in the English Dictionary

"direct loss" in Business English

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direct lossnoun [C]

uk   us   LAW, INSURANCE
money that you ​lose as the ​directresult of ​harm done by another ​person or by an ​event such as a ​fire or ​flood: Punitive ​damages, which are ​assessed to punish someone, must be ​paid on ​top of ​damages that are ​designed to ​compensate for ​directlosses.
(Definition of direct loss from the Cambridge Business English Dictionary © Cambridge University Press)
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