Menetykset

Menetykset is Finnish for losses or deprivations. The singular form is menetys; the plural is menetykset. It is used across contexts to describe something that has been lost or a negative financial or material outcome.

In finance and accounting, menetykset describe negative results such as operating losses, impairment losses, or write-downs. In formal financial reporting, the broader category is often referred to as tappiot, and voitot ja tappiot is the common heading for profits and losses. Menetykset may be used to describe specific loss events or categories within a period, for example inventory shrinkage or asset impairment.

In insurance, menetykset refers to losses incurred or paid under a policy. In legal language, losses or damages that are recoverable may be described using menetykset in some Finnish texts, though vahingot or damages are also common terms. In everyday speech, people use menetykset to talk about items that have been lost or about personal or material losses suffered.

Etymology and usage notes: the word derives from the verb menetä, “to lose,” with the noun menetys meaning “loss.” Common collocations include suuret menetykset (great losses) and vähäiset menetykset (small losses). Related terms include tappiot (losses in a formal financial sense), vahingot (damages), and häviöt (losses or deficits).