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abandonment clause

A stipulation that prevents the claimant from abandoning salvageable property with the intent of claiming a total loss.

Related information about abandonment clause:
  1. Abandonment Clause Definition | Investopedia
    A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost or damaged property and still claim a full ...
     
  2. What is abandonment clause? definition and meaning
    Definition of abandonment clause: A statement in a contract that details consequences and outcomes that will transpire in the event that one or both of the ...
     
  3. Abandonment Clause Law & Legal Definition
    Abandonment clause” is a clause in a property insurance contract. The clause permits the property owner to abandon lost or damaged property and still claim a ...
     
  4. Abandonment Clause Definition & Example | InvestingAnswers
    We explain the definition of Abandonment Clause, provide a clear example of how it works and explain why it's an important concept in business, finance ...
     
  5. abandonment clause (law) -- Britannica Online Encyclopedia
    “I Didn't Know That...” What made you want to look up "abandonment clause"? Please share what surprised you most... POPULAR QUIZZES. 1. Science Quiz ...
     
  6. Abandonment Clause - Financial Dictionary - The Free Dictionary
    A clause in a contract allowing one party to abandon (or forfeit ownership to) a property and thereby transfer ownership to another party, assuming the second ...
     
  7. Abandonment Clause: Definition from Answers.com
    Abandonment Clause In marine insurance, clause giving an insured the right to abandon lost or damaged property and still claim full settlement from an.
     
  8. What is ABANDONMENT CLAUSE? - The Law Dictionary
    Definition of ABANDONMENT CLAUSE: The abandonment clause gives insured parties the right to forfeit damaged property in exchange for full payment.