英语词汇“new-for-old”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

new-for-old

/ˌnjuːfəˈ(r)əʊld/

Insurance

adverb

In marine insurance: with regard to deducting that which an insurer is entitled to deduct on account of replacing old material with new when making repairs.

The ‘customary deduction’ is up to one-third the cost of repairs, however, in practice, the right to such a deduction is usually waived..

adjective

1In marine insurance: relating to or designating a type of deduction that an insurer is entitled to make on account of replacing old material with new when making repairs.

2Relating to or designating a type of insurance policy which undertakes to meet the cost of replacing the insured article with a new item of similar type, without a deduction for wear and tear.

Origin

Late 18th century. From new + for + old.

单词	new-for-old
释义	new-for-old /ˌnjuːfəˈ(r)əʊld/ Insurance adverb In marine insurance: with regard to deducting that which an insurer is entitled to deduct on account of replacing old material with new when making repairs. The ‘customary deduction’ is up to one-third the cost of repairs, however, in practice, the right to such a deduction is usually waived.. adjective 1In marine insurance: relating to or designating a type of deduction that an insurer is entitled to make on account of replacing old material with new when making repairs. 2Relating to or designating a type of insurance policy which undertakes to meet the cost of replacing the insured article with a new item of similar type, without a deduction for wear and tear. Origin Late 18th century. From new + for + old.
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