Nuostolio

Nuostolio is the Lithuanian term used to describe loss or damage in financial, legal and insurance contexts. The noun nuostolis denotes a negative outcome, and its genitive form nuostolio appears in phrases such as nuostolio dydis (the amount of loss) and nuostolio atlyginimas (compensation for loss). The concept is used in everyday language as well as professional fields.

In accounting and finance, nuostolis refers to a negative financial result when expenses exceed revenues during a period, or to the impairment of an asset’s value. A period with a nuostolis is reported as a loss in financial statements, reducing equity and, in some cases, affecting tax and decision making. Not all losses are identical; they may arise from operating activities, financing activities or asset write-downs, and they are distinguished from profit.

In insurance, nuostolis describes damage or loss for which the insured seeks indemnity. Insurance contracts define what constitutes a compensable nuostolis, the procedures for reporting a loss, and the basis on which the insurer calculates indemnity payments. The term is commonly used in both household and commercial insurance discussions.

In legal contexts, nuostolis can refer to harm or damage caused to another party for which compensation may be sought under civil liability rules. Damages paid to cover a nuostolis aim to restore the claimant to the position they would have occupied had the loss not occurred.

Related terms include nuostolis, nuostoliai (losses), and nuostolio atlyginimas (compensation for loss). The concept is central to accounting, insurance and law, where precise measurement and allocation of loss influence financial reporting, risk management and legal remedies.