risk of loss


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risk of loss

n. the responsibility a carrier, borrower or user of property or goods assumes, or an insurance company agrees to cover if there is damage or loss. (See: risk)

References in periodicals archive ?
Contract notice: Insurance against the risk of loss of income
In particular, the proposed regulations provide guidance as to when and to what extent a partner is treated as bearing the economic risk of loss for a partnership liability when multiple partners bear the economic risk of loss for the same partnership liability (overlapping economic risk of loss).
Our clients are continuously looking for new and better ways to safeguard sensitive data and eliminate the risk of loss or theft.
Consequently the entire loan is allocated to him under the general economic risk of loss rule.
Has risks and rewards of ownership (such as risk of loss for collection, delivery or returns); or
banking agencies established specific standards for capital in relation to the risk of loss rather than simply commenting on institutions' capital adequacy to managers and boards of directors on a case-by-case basis, often in qualitative terms.
RAID-1 (JBOD mirroring): During a single disk failure, data is at risk of loss because there is no redundancy.
The relocation could expose the city ``to undue risk of loss of irreplaceable documents,'' he said.
If passed, the legislation would effectively pass the risk of loss for defects in design and construction to the owner after seven years from the certificate of occupancy issue date.
State and local agencies will share in the risk of loss on loans for multifamily mortgage insurance that they originate, underwrite and service.
On the down side, the facility needs additional business office personnel, assumes the risk of loss from bad debts and rejected claims, and may see cash flow restricted.