1. The process or strategy of decreasing or minimizing losses in business, finance, health, or other contexts
The company implemented a loss reduction strategy to improve profitability.
A empresa implementou uma estratégia de redução de perdas para melhorar a lucratividade.
2. In insurance and risk management, measures taken to prevent or minimize potential damages or financial losses
Loss reduction programs help businesses protect their assets.
Programas de redução de perdas ajudam as empresas a proteger seus ativos.