VALUED POLICY
\vˈaljuːd pˈɒlɪsi], \vˈaljuːd pˈɒlɪsi], \v_ˈa_l_j_uː_d p_ˈɒ_l_ɪ_s_i]\
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A policy in which the value of the goods, property, or interest insured is specified; - opposed to open policy.
By Oddity Software
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A policy in which the value of the goods, property, or interest insured is specified; - opposed to open policy.
By Noah Webster.
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A policy Is called "valued," when the parties, having agreed upon the value of the interest insured, in order to save the necessity of further proof have inserted the valuation In the policy, in the nature of liquidated damages. 1 Duer, Ins. 97.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.