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 classic literature ?
It was a hard trial of the courage and means of an individual to have to fit out another costly expedition, where so much had already been expended, so much uncertainty prevailed, and where the risk of loss was so greatly enhanced, that no insurance could be effected.
In-database geographical functions that can generate polygons and lines for identification of potential risk of loss or the area where a storm's path will occur.
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.
Under-insured companies, however, run the risk of loss and damage to their capital base.
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.