"Loose" vs "Lose" - Are you making one of the most commonly used Grammar mistakes?

To those of us that take Grammar seriously, the common incorrect usage of "loose" vs "lose" sounds like nails on a chalkboard. It's time to take your writing to the next level. Are you using the right word?

Lose

• Definition - a verb meaning to be deprived of or to cease ownership
• Example - "Never invest more money in cryptocurrency than you can afford to lose."

Loose

• Definition - an adjective describing something that does not fit well
• Example - "His pants are always falling down on him and are therefore too loose."