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Loss - Law Dictionary Search Results

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society

the benefits of love, care, affection, and companionship that family members receive from each other [sought damages for loss of from his wife's wrongful death] compare consortium 2 : a voluntary association of individuals dedicated to common

recognize

for as real, received, or incurred and treat and record appropriately ;specif : to account for (a gain, loss, expense, or income) on current accounting or tax records [recognized the gain when she included it as income

speculative risk

speculative risk : a risk that may result in either a loss or a gain compare pure risk

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umpire

to mediate between the appraisers of an insured and insurer in order to determine the amount of a loss

sublimit

sublimit : a liability limit in an insurance policy for a particular risk (as loss of jewelry by theft) that is below the aggregate liability limit of the policy

Blanket clause

that includes a group or class of things rather than a number mentioned individually and having the burden loss or the like apportioned among them

black out

to experience a temporary loss of consciousness memory or vision

Bereavement

The state of being bereaved deprivation esp the loss of a relative by death

wash sale

a sale of securities within 30 days before or after the purchase of substantially identical securities NOTE: Any loss from such a sale is not deductible for most taxpayers under the Internal Revenue Code.

war risk insurance

war risk insurance : insurance that protects against loss due to acts of war

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