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LOSS, n. Privation of that which we had, or had not. Thus, in the latter sense, it is said of a defeated candidate that he "lost his election".

Ambrose Bierce (2001). “The Unabridged Devil's Dictionary”, p.155, University of Georgia Press
LOSS, n. Privation of that which we had, or had not. Thus, in the latter sense, it is said of a defeated candidate that he lost his election.