German NOUN B1 Rank 816

der Schaden

damage / harm

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Schaden vs Verlust

loss

Schaden and Verlust can both refer to a financial loss. A Verlust is the deficit that occurs when expenses are higher than income. A financial Schaden, by contrast, is a specific impairment caused, for example, by a particular event.

Visual example for Verlust
Schaden

Durch die verspätete Eröffnung entstand dem Restaurant ein finanzieller Schaden von 10.000 Euro.

The delayed opening caused the restaurant financial damage amounting to 10,000 euros.

Verlust

Wegen höherer Ausgaben machte das Restaurant im ersten Monat einen Verlust von 10.000 Euro.

Because of higher expenses, the restaurant incurred a loss of 10,000 euros in its first month.

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