insurance against loss of damage
121liability insurance — /laɪəˈbɪləti ɪnˌʃɔrəns/ (say luyuh biluhtee in.shawruhns) noun insurance providing the insured with protection against the consequences of being held legally liable for loss, damage or injury to others …
122Endowment assurance — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …
123mortgagee clause — Insurance. a clause attached to a fire insurance policy for protecting a mortgagee against loss or damage. * * * …
124indemnity — in‧dem‧ni‧ty [ɪnˈdemnti] noun indemnities PLURALFORM 1. [uncountable] INSURANCE protection against loss or damage, especially in the form of an official written promise to pay for any losses or damage: • Every full time employee at our firm… …
125Extended coverage — is a term used in the property insurance business. All insurance policies have exclusions specific causes of loss (also called perils ) that are not covered by the insurance company. An Extended coverage endorsement(EC) was a common extension of… …
126Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …
127assured — as·sured n pl assured or assureds: insured Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. assured …
128warranty — An agreement to be responsible for all damages that arise from the falsity of a statement or assurance of a fact. Holcomb & H. Mfg. Co. v Auto Inter Urban Co. 140 Wash 581, 250 P 34, 51 ALR 39. An express or implied statement of something… …
