AMOUNT OF LOSS
\ɐmˈa͡ʊnt ɒv lˈɒs], \ɐmˈaʊnt ɒv lˈɒs], \ɐ_m_ˈaʊ_n_t ɒ_v l_ˈɒ_s]\
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In insurance. The diminution, destruction, or defeat of the value of, or of the charge upon, the insured subject to the assured, by the direct consequence of the operation of the risk insured against, according to its value in the policy, or in contribution, for loss, so far as its value is covered by the insurance.
By Henry Campbell Black
Word of the day
Collagen Induced Arthritis
- ARTHRITIS that is induced in experimental animals. Immunological and infectious agents can be used to develop models. These methods include injections of stimulators the immune response, such as an adjuvant (ADJUVANTS, IMMUNOLOGIC) or COLLAGEN.