Death

If you are careless enough to be defeated in combat, take heart. You will be swiftly reincarnated at the nearest Ghola Center.

If you do not have an up-to-date ghola on record then you will have lost one level and several stats.
Your guild file is not affected by death.
Your equipment and money will still be on your former-body's corpse, free for anyone to take.
The mob(s) which killed you will still be aggressive, so be cautious when attempting to recover your corpse.