| 词汇 | average-clause |
| 释义 | average clause noun[ C ] INSURANCEukus a part of an insurance policy that states that if the insurance value of a property at the time of loss or damage is less than its real value, payment by the insurance company will be reduced according to the difference. For example, if a piece of jewellery worth £10,000 has an insurance value of £5,000, 50% of its real value, the insurance company will pay £2,500, which is 50% of the insurance value Examples of average clauseaverage clause In many policies there is the "averageclause". From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Such a man can go out within the next month if he pleases and get the full pension without the averageclause operating. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The proposal here is that in certain cases you should not admit what is known as the averageclause. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Average clauses can cause problems with claims made during periods of volatility in commodities markets. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Average clauses may also be present. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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