The best replacement for lossless is lossy.

The best alternatives to lossless are rated as following:
★★★★★  lossy
★★★★  mp3
★★★  aac
★★★  flac
★★★  wav
★★  aiff
★★  320
★★  lossy compression
★  lossy audio
★  itunes plus
★  wma lossless
  256
  lossy mp3
  vbr
  aac 256
  uncompressed
  lossy image compression
  320 kbs
  192
  mp3 320
  cd quality
  wav lossless
  acc
  apple lossless

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lossless
lossy
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