Loss types refer to the different categories of loss that can occur in various contexts, such as finance, insurance, or personal experiences. Common types include financial loss, which involves a decrease in monetary value, and physical loss, which pertains to the loss of tangible items or property. Another category is emotional loss, often experienced when someone loses a loved one or a significant relationship. Additionally, opportunity loss occurs when a potential benefit is missed due to a decision or action taken. Understanding these loss types helps individuals and organizations manage risks effectively.