What is lost?

lost meaning in Information Science terminology / glossary / dictionary is:

A code used in a library catalog record to indicate the circulation status of an item no longer available because it was checked out to a previous borrower and never returned. Most libraries bill the patron an amount based on the cost of replacement after a number of overdue notices have been sent without result. In some libraries, the charge may be refundable if the item is found and returned within a reasonable period of time. Compare with missing. See also: lost work.


reference: ABC-CLIO