adjustment

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adjustment

noun abatement of differences, accommodatio, accommodation, accord, accordance, adaptation, agreement, arrangement, attunement, bargain, binding agreement, coaptation, compact, composition, concurrence, conformance, conformation, congruence, congruity, consistency, contract, correction, covenant, disposition, harmony, mutual concession, mutual understanding, negotiation, pact, reconciliation, rectification, regulating, stipulation, terms, understanding, uniformity
Associated concepts: adjusted basis, adjusted reserves, addustment of contracts, adjustment of loss, adjustments in wills
See also: accord, accordance, agreement, amendment, arbitration, arrangement, change, collection, collective bargaining, compact, compatibility, compromise, conciliation, conformity, correction, determination, disposition, expiation, habituation, indemnification, justification, management, mediation, mitigation, modification, order, payment, reconciliation, regulation, rehabilitation, repair, reparation, restitution, settlement, treatment, understanding

adjustment

1 the computation of the amount due to an insured and the fixing of the proportion to be borne by the underwriters.
2 in Scottish civil procedure, the changing of the writ or defences before the record is closed.

See also ADJUSTMENT OF PRIOR TRANSACTIONS.

ADJUSTMENT, maritime law. The adjustment of a loss is the settling and ascertaining the amount of the indemnity which the insured after all proper allowances and deductions have been made, is entitled to receive, and the proportion of this, which each underwriter is liable to pay, under the policy Marsh. Ins. B. 1, c. 14, p. 617 or it is a written admission of the amounts of the loss as settled between the parties to a policy of insurance. 3 Stark. Ev. 1167, 8.
     2. In adjusting a loss, the first thing to be considered is, how the quantity of damages for which the underwriters are liable, shall be ascertained. When a loss is a total loss, and the insured decides to abandon, he must give notice of this to the underwriters iii a reasonable time, otherwise he will waive his right to abandon, and must be content to claim only for a partial loss. Marsh. Ins. B.1, c.3, s.2; 15 East, 559; 1 T. R. 608; 9 East, 283; 13 East 304; 6 Taunt. 383. When the loss is admitted to be total, and the policy is a valued one, the insured is entitled to receive the whole sum insured, subject to such deductions as may have been agreed by the policy to be made in case of loss.
     3. The quantity of damages being known, the next point to be settled, is, by what rule this shall be estimated. The price of a thing does not afford a just criterion to ascertain its true value. It may have been bought very dear or very cheap. The circumstances of time and place cause a continual variation in the price of things. For this reason, in cases of general average, the things saved contribute not according to prune cost, but according to the price for which they may be sold at the time of settling the average. Marsh. Ins. B. 1, c. 14, s. 2, p. 621; Laws of Wisbury, art. 20 Laws of Oleron, art. 8 this Dict. tit. Price. And see 4 Dall. 430; 1 Caines' R. 80; 2 S. & R. 229 2 S.& R. 257, 258.
     4. An adjustment being endorsed on the policy, and signed by the underwriters, with the promise to pay in a given time, is prima facie evidence against them, and amounts to an admission of all the facts necessary to be proved by the insured to entitle him to recover in an action on the policy. It is like a note of hand, and being proved, the insured has no occasion to go into proof of any other circumstances. Marsh. Ins. B. 1, c. 14, s. 3, p. 632; 3 Stark. Ev. 1167, 8 Park. ch. 4; Wesk. Ins, 8; Beaw. Lex. Mer. 310; Com. Dig. Merchant, E 9; Abbott on Shipp. 346 to 348. See Damages.

References in periodicals archive ?
After surgery, nine donors met criteria for adjustment disorder, dysthymia, anxiety disorder, or major depression at one or both follow-up examinations, an incidence significantly higher than the norm for the community.
Mr McDermott said that PC Duncan was off work for two months suffering from an adjustment disorder and receiving counselling.
Axis I Conditions Comorbid for Pathological Gambling Major depressive disorder 25% Posttraumatic stress disorder 25% Bipolar disorder 18% Adjustment disorder with depressed mood 15% Schizoaffective disorder 10% Mood disorder secondary to substance abuse 8% Schizophrenia 3% Depression secondary to Parkinson's 3% Adult attention-deficit/hyperactivity disorder 3% Note: Based on data for 40 patients with comorbid conditions.
15, also said they are concerned about Japanese Crown Princess Masako, who was diagnosed as having adjustment disorder, and would like to meet her if circumstances allow.
Pollock had had a good upbringing but had begun suffering from an adjustment disorder after the break-up of a relationship.
In the study, which was conducted by researchers at the University of Hamburg, Germany, patients who had been diagnosed with adjustment disorder after "the loss of an important person or a severe negative experience at work or university with lasting negative consequences" participated in 12 sessions of "outpatient client-centered psychotherapy.
After seeing the horror crash, Mr Clegg has become depressed and his wife has suffered an adjustment disorder.
Dr Wright added: "It's what's called a reaction to severe stress, an adjustment disorder, it's not dissimilar to post-traumatic stress disorder.
Rundell said the most common diagnosis was adjustment disorder (33%), followed by mood disorders (22%), personality disorder (16%), and anxiety disorders (15%).
Topics include embarrassing parents, Seasonal Adjustment Disorder and weight loss problems.
were the least effective, identifying fewer than half the patients who were diagnosed with depression or an adjustment disorder.
Janet Thomas, 44, had been diagnosed as suffering from seasonal adjustment disorder (SAD) - a condition thought to affect a million people in Britain.