absolute loss

• naprostá ztráta

English-Czech dictionary. 2013.

Look at other dictionaries:

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  • total loss — The complete destruction of the property covered by an insurance policy. The complete destruction of a building as a building, although not necessarily the extinction of all its parts as materials or such destruction that no part is left standing …   Ballentine's law dictionary

  • be a dead loss — 1. if something or someone is a dead loss, they disappoint you because they are of bad quality or because they are not able to do what you want them to do. The meeting was a dead loss. We didn t come to a single decision. He may have been a great …   New idioms dictionary

  • actual total loss — This term as used in marine insurance means just what it implies, a total and actual loss to the insured of the subject matter of the insurance. To enable the insured to recover for a total loss, there must be a total destruction of value. It is… …   Ballentine's law dictionary

  • constructive total loss — A loss of such a character as to authorize the insured to abandon the property and recover as for a total loss, although there is not an absolute extinction of the subject of the insurance. 29A Am J Rev ed Ins § 1571 …   Ballentine's law dictionary

  • salvage loss — A marine insurance term signifying a total loss of the property insured diminished by salvage, which takes place in relation to goods when there is either an absolute or a constructive total loss of the subject insured but some remains of the… …   Ballentine's law dictionary

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