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.
This was the case even under those contracts that limited the risk of loss on sale to the lesser of $5,000 or 5 percent of appraised value without taxpayer's prior approval.
Contract notice: public service contract for 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).
Predictive modeling may show that the risk of loss outside the city of Dallas is considerably different from the risk of loss inside the city.
In making this determination, fiduciaries are required to take into consideration, among other things, the risk of loss and the opportunity for gain associated with the investment.
Thus, while a taxpayer cannot simply sell the stock and buy it back that same day, the risk of loss can be limited to a 30-day period.
The purpose of sections 23A and 23B and Regulation W is to limit a bank's risk of loss in transactions with affiliates and limit a bank's ability to transfer to its affiliates the benefits arising from its access to the federal safety net.
For the sale to be valid, the controlling shareholder must have taken an equity interest in the property and assumed the risk of loss. An equity interest exists if the funds for the purchase of the property came from the shareholder or if he or she borrowed money to make the purchase.
But in a time of increasing complexity of financial instruments and deteriorating profit margins, companies cannot afford to overlook opportunities for enhancing investment yield and minimizing risk of loss through well-informed, effective investment of excess cash.
A health FSA will not qualify for tax-favored treatment under sections 105 and 106 of the Code if the effect of the reimbursement arrangement eliminates all, or substantially all, risk of loss to the employer maintaining the plan or other insurer.
Contract notice: provision of insurance services that guarantee the entire risk of loss or damage to property of the university of girona