Future losses means reserves for claims incurred but not reported.
Examples of Future losses in a sentence
Future losses are only accounted for when these losses are incurred in terms of the stage of completion.
Future losses are only accounted for when these losses are incurred in terms of the stage of completion.
Buyer Losses has the meaning set forth in Section 10.1(a).
Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.