Loss

Ending up with less money than you started with.

John bought a piece of land for $50,000. He sold it for $45,000. He has a $5,000 loss because he ended up with less than he started with. The loss would be recorded under “Other revenues and expenses” on the income statement and added back to Operating Income on the Statement of Cash Flows.

https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/loss/