Loss - Law Dictionary Search Results
realize
-ized -iz·ing 1 : to convert into money 2 : to obtain or incur (as a gain or loss) esp. as the result of a sale, exchange, or other disposition of an asset [realized a loss when
reserve
bank or of the assets of a life insurance company required by law to be kept as reserves loss reserve 1 : a reserve allocated by a bank for the purpose of absorbing losses [a loan loss
salvage
a ship or its cargo from the perils of the sea or for recovering it from an actual loss (as in a shipwreck) b : the act of saving or rescuing a ship or its cargo c
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search
search (as of an impounded automobile) conducted for the purpose of placing personal property in safekeeping to prevent loss of the property and claims against police for such loss protective search : a search (as a frisk)
tax write-off
tax write-off : a tax deduction of an amount of depreciation, expense, or loss [cancelled the debt and took a tax write-off on the loss]
valued policy
insurer and insured agree on a stated amount that will be paid in the event of a future loss instead of an amount that would have to be proven as the actual loss
valued policy law
valued policy law : a law requiring insurance companies to pay to the insured in case of total loss the full amount of insurance regardless of the actual value of the property at the time of the
Indemnification
The act or process of indemnifying preserving or securing against loss damage or penalty reimbursement of loss damage or penalty the state of being indemnified
Injury
of the person character feelings rights property or interests of an individual that which injures or occasions wrong loss damage or detriment harm hurt loss mischief wrong evil as his health was impaired by a severe injury
Abatement
payable out of a particular fund, and others out of other funds, for then each must bear the loss arising from any deficiency of the particular fund. See also DEMONSTRATIVE LEGACY. (5) Abatement of Litigation.-By R.S.C., Ord.
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