"Other compressed, but lossless formats"

OK, that confuses me. Perhaps I don't understand the terminology, which is almost a certainty. I thought lossless meant no compression? I.e., the ripped version was exactly the same as the original CD. In other words, if I ripped CD's into a lossless format on Media Player, then made playlists and burned them onto a new CD-R, I could play the CD-R on my "hi-fi" stereo system without any loss in sound quality. Is that not an accurate understanding of the situation?


M60's Rotel Nad Music Hall MMF-5
M80's VP150 QS8's Sherwood Newcastle Panasonic Plasma
Algonquins