net losses

  • The aggregate of loss payments less all deductions for all credits including deductions for reinsurance recoveries during a given period.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).