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Shortened way of saying 'Lossy Compression';

Used to describe whether any image quality has been lost due to bad rendering. Commonly used to describe the image format jpeg.
Guy1: Dude, this image is totally lossy we'll have to re render it.
Guy2: Yeah jpegs suck! Let's try a png.
by iNfy- April 22, 2011
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The loosening of a hole in a box
My jewelry box became very lossy when my husband threw it.
by Komi February 22, 2017
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