Loss Prevention
/ˈlɒs prɪˌvɛnʃən/
Definitions
- (n.) Measures and strategies employed by businesses and organizations to reduce theft, fraud, and damage to property, often to protect assets and minimize financial loss.
The company implemented comprehensive loss prevention policies after a series of internal thefts.
Forms
- loss prevention
Related terms
See also
Commentary
In legal contexts, loss prevention overlaps with compliance and security but primarily focuses on proactive organizational measures to deter loss rather than legal penalties or remedies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.