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单词
wear and tear exclusion
释义
Wear and Tear Exclusion
Wear and Tear Exclusion
In insurance, a category prohibiting payment on claims for normal wear and tear, which is the degrading of the quality of an item that is expected over time. Because this decline in value is inevitable, insurers will not pay for these losses.
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更新时间:2024/12/23 18:30:19