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单词 actual total loss
释义
  • Business

actual total lossnoun [ C or U ]

ukusabbreviation ATL INSURANCE

a situation in which insured property is totally destroyed, lost, or made useless, and the insurance company pays the maximum amount:

They claimed that the capture and removal of the ship to Somali waters constituted an actual total loss under the Marine Insurance Act.
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constructive total loss
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更新时间:2024/9/20 19:44:32