Search Results for: BREAKAGE

breakage

breakage. 1. An allowance given by a manufacturer to a buyer for goods damaged during transit or storage. 2. Insignificant amounts of money retained by racetrack promoters from bets. • The retention of these small sums avoids the inconvenience of counting and paying out inconsequential winnings. [Cases: Gaming 9.]

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breakage

breakage n. (1)损耗(费用);破损费用 指在保管或运输过程中发生的损耗,也指某些特定行业如旅馆、餐馆、电力公司等,在某一时期内不可避免的损失。在提单关于承运人破损免责的规定中,指有关商品或物品的破损,活体动物除外。 (2)零头 例如计算利息时的分币零头。 (3)(赛马等的)彩金零头

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inchmaree clause

Inchmaree clause (inch-m[schwa]-ree).Maritime law. An insurance-policy provision that protects against risks not caused by nature, such as a sailor’s negligence or a latent defect in machinery. • This term is taken from a British ship, the Inchmaree, whose sinking in 1884 gave rise to litigation that led to the clause bearing its name. — Also

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