Victory Or Defeat
Win Or Lose, Outcome
noun
You have win and you have defeat. When you are talking about both in one word, you have victory or defeat.
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
その戦いの勝敗なら、昨日の朝決まりましたよ。
The game's outcome was decided yesterday morning.
コウイチのその一言が、勝敗の分かれ目になったんです。
That one word Koichi said made the difference between victory and defeat.
私の両親はいつも、大事なのはプロセスで勝敗は問題ではないと言いますが、私は勝敗こそが重要だと思っています。
My parents always say that it is the process that matters and that winning or losing does not matter, but I believe that winning or losing is what matters.