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1.
Also known as LPO, typically work for retail stores, specializing in the recovery of merchandise and the apprehension of the shoplifter. Typically dressed in plain clothes to blend in as a shopper. LPO's use CCTV, floor observations, and 2-way windows to view the shoplifters in action.
Damn, I now have a misdemeanor on my record for life, because that damn Loss Prevention Officer arrested me over some dice!

DIIIIICCCCCEEEE!!!!!!!!!!
by LPO in CA June 19, 2008
 
2.
The most awesome job in the world. An LPO typically spends two shifts of four hours a day walking around a high-end retail store, like Target, to spot shoplifters in the act and recover stolen merchandise.
Fuck man, I got arrested for shoplifting because of Target's new Loss Prevention Officer.
by TargetLPO March 09, 2010
 
3.
A Professional, Human Resources, or Politically Correct version of a term used to refer to a security guard or rent-a-cop for a retail or department store.
"I just got hired to be Target's new Loss Prevention Officer!"
"You know that's just a security guard position right?"
"Fuck! I thought it was a real job."
by jiggadigga February 20, 2007