This book is only a novel in the 'loose' sense of the word. [=the word “novel” does not usually refer to a book like this; many people would not consider the book a novel]
Ten advocacy groups from all parts of the country formed a 'loose' alliance/association/coalition to present their shared interests to Congress.
She's been 'cut loose' from her contract. [=the company/organization with whom she had a contract to work has ended the contract]
(..) Land of eternal youth and beauty. There's no time ! Cut those falls ! Cut 'em ! Cut 'em if you have to ! l need a knife ! l need a knife ! Cut her loose ! Cut those bloody falls ! Gentlemen, it has been a privilege playing with you tonight. We have to stay on the ship (..)1997 Titanic