Meaning of the word "financial loss" in English

What does "financial loss" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

financial loss

US /fɪˈnænʃəl lɔs/
UK /fɪˈnænʃəl lɒs/

Noun

the amount of money lost by a business or organization

Example:
The company reported a significant financial loss in the last quarter.
Investing in that startup resulted in a huge financial loss for him.