( n. )
The relinquishment by the insured to the underwriters of what may remain of the property insured after a loss or damage by a peril insured against.
( n. )
The relinquishment by the insured to the underwriters of what may remain of the property insured after a loss or damage by a peril insured against.
Webster's Revised Unabridged English Dictionary. Пересмотренный полный словарь английского языка Webster. 2012