Hello,
I wonder whether someone here would be able to help me find a correct technical term pertaining to covering a loss incurred by a company in an accounting year. More specifically, I'm thinking of a verb to replace 'cover' in the above context, as I'm sure it's not the right legal term.
The expressions I have on my mind are the following:
to compensate for the loss incurred
to redeem the loss
to remit the loss
anything else?
Any help greatly appreciated.
TeeKay