Meaning of the word "suffer a loss" in English

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

suffer a loss

US /ˈsʌfər ə lɔs/
UK /ˈsʌfər ə lɒs/

Phrase

to experience a decrease in value, amount, or profit, or to be defeated in a competition

Example:
The company is expected to suffer a loss this quarter due to decreased sales.
Our team might suffer a loss if we don't improve our defense.