Normal loss

{
  "id": "MLC-T-INS-002364",
  "term": "Normal loss",
  "field": "Insurance and risk management",
  "definition": "A predictable and expected reduction in the quantity or value of goods or materials that occurs during routine business operations, such as manufacturing, storage, or transportation. This type of loss is considered an inherent part of the process and is typically accounted for in cost calculations. Examples include evaporation, shrinkage, or minor breakage that falls within acceptable industry standards.",
  "url": "https://mlchart.com/terminology/insurance/normal-loss/"
}