Hysteresis loss

Hysteresis is the dependence of the state of a system on its history. For example, a magnet may have more than one possible magnetic moment in a given magnetic field, depending on how the field changed in the past. Plots of a single component of the moment often form a loop or hysteresis curve, where there are different values of one variable depending on the direction of change of another variable. This history dependence is the basis of memory in a hard disk drive and the remanence that retains a record of the Earth's magnetic field in the past. Hysteresis occurs in ferromagnetic and ferroelectric materials, as well as in the deformation of rubber bands and shape-memory alloys and many other natural phenomena. In natural systems it is often associated with irreversible thermodynamic change such as phase transitions and with internal friction; and dissipation is a common side effect.

Hysteresis can be found in physics, chemistry, engineering, biology and economics, and so on. It is incorporated in many artificial systems: for example, in thermostats and Schmitt triggers, it prevents unwanted frequent switching.

Hysteresis can be a dynamic lag between an input and an output that disappears if the input is varied more slowly; this is known as rate-dependent hysteresis. However, phenomena such as the magnetic hysteresis loops are mainly rate-independent, which makes possible a durable memory.

...
Wikipedia