Future losses definition

Future losses means reserves for claims incurred but not reported.
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Examples of Future losses in a sentence

  • Future losses are possible and there is no assurance that the Company's operations will become profitable.

  • Future losses are likely to occur before the General Partner’s operations will become profitable, and there is no assurance that the General Partner’s operations will ever attain profitability.

  • Future losses are anticipated and the Company's operations, even if successful, may not result in cash flow sufficient to finance the continued expansion of its business.

Related to Future losses

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.