| 词汇 | actual-total-loss |
| 释义 | actual total loss noun[ C or U ] INSURANCEukus(abbreviationATL) 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. Compare constructive total loss Examples of actual total lossactual total loss An actualtotalloss occurs where the damages or cost of repair clearly equal or exceed the value of the property. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. In the case of an actualtotalloss no notice of abandonment need be given. From Project Gutenberg The insured may either treat constructive total loss as a partial loss or as an actualtotalloss, in which latter case he abandons his insured interest to the underwriter. From Project Gutenberg 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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