noun
: a subtraction made by a marine underwriter from the total cost of repairs in paying a claim under a hull-insurance policy to allow for the gain in excess of loss to the shipowner resulting from the new material installed during repairing
noun
: a subtraction made by a marine underwriter from the total cost of repairs in paying a claim under a hull-insurance policy to allow for the gain in excess of loss to the shipowner resulting from the new material installed during repairing
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012