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Tsunami
A tsunami is a series of waves generated in a body of water through an impulsive disturbance, causing damage to property or loss of life.

Error:
The error in the given statement is the use of the phrase "in waves" in the first point. It should be "of waves" instead.

Corrected Statement:
1) Tsunami is a series of waves
2) generated in a body of water
3) through an impulsive disturbance
4) causing damage to property or loss of life.

Explanation:
1) Series of Waves:
A tsunami is characterized by a series of large ocean waves. These waves are not like the regular waves we observe on a beach. Tsunami waves are typically much larger in height and have a longer wavelength.

2) Generated in a Body of Water:
Tsunamis are usually generated by underwater earthquakes, volcanic eruptions, or landslides. When these events occur, they can displace a large amount of water, causing a disturbance that generates tsunami waves.

3) Through an Impulsive Disturbance:
The impulsive disturbance, such as an earthquake, causes a rapid displacement of water, leading to the formation of tsunami waves. The energy from the disturbance is transferred to the water, creating powerful waves that propagate across the ocean.

4) Causing Damage to Property or Loss of Life:
Tsunamis can be extremely destructive due to their immense energy and the potential for flooding. When tsunami waves reach the coastline, they can inundate low-lying areas, destroy infrastructure, and cause significant loss of life.

In conclusion, a tsunami is a series of waves generated in a body of water through an impulsive disturbance. These waves can cause extensive damage to property and result in the loss of lives. It is crucial to have early warning systems and preparedness measures in place to mitigate the impact of tsunamis.