单词
average clause
释义
average clausenoun[C]INSURANCEuk
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apartof aninsurancepolicythatstatesthat if theinsurancevalueof apropertyat thetimeoflossordamageis less thanitsrealvalue,paymentby theinsurancecompanywill bereducedaccordingto thedifference. Forexample, if apieceofjewelleryworth￡10,000 has aninsurancevalueof ￡5,000, 50% ofitsrealvalue, theinsurancecompanywillpay￡2,500, which is 50% of theinsurancevalue(Definition ofaverage clausefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofaverage clause
average clauseIn many policies there is the "averageclause".From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Such a man can go out within the next month if he pleases and get the full pension without theaverageclauseoperating.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0The proposal here is that in certain cases you should not admit what is known as theaverageclause.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Average clauses can cause problems with claims made during periods of volatility in commodities markets.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Average clauses may also be present.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/average-clause##
