A stipulation that prevents the claimant from abandoning salvageable property with the intent of claiming a total loss.
Related information about abandonment clause:
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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.
- 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.