Search Results for: DAMAGE

valued policy

An insurance policy in which the sum to be paid when a loss occurs is fixed by the terms of the contract. • The value agreed on is conclusive for a total loss and provides a basis for determining recovery in cases of partial loss. This value is in the nature of liquidated damages. [Cases: […]

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damna

damna (dam-n[schwa]), n. [fr. Latin damnum “damage; loss”] Hist. 1. Damages, exclusive of costs. 2. Damages, inclusive of costs. 3. The abbreviation of damna clericorum, the Latin equivalent to damage-cleer, being a portion of damages constituting the clerk’s fee. See DAMAGE-CLEER.

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