| 单词 | actual total loss |
| 释义 | actual total loss noun[CorU] INSURANCEukus(abbreviationATL)asituationin whichinsuredpropertyistotallydestroyed,lost, or madeuseless, and theinsurancecompanypaysthemaximumamount: Theyclaimedthat thecaptureandremovalof theshipto Somaliwatersconstitutedanactualtotallossunder theMarineInsuranceAct. Compare constructive total loss Examplesofactual total lossactual total loss Anactualtotallossoccurs 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 anactualtotallossno notice of abandonment need be given. FromProject Gutenberg The insured may either treat constructive total loss as a partial loss or as anactualtotalloss, in which latter case he abandons his insured interest to the underwriter. FromProject 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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