InsuranceReplacement Public insurance Promissory warranty Accidental death benefit Endowment Plan Actual loss ratio
General average clause
In the world of finance, we often come across terms that may seem confusing or unfamiliar. One such term is the "general average clause" in ocean marine insurance. This clause requires parties other than the insured to share in the losses suffered by the insured due to the voluntary and necessary sacrifice of freight caused by shipping perils. It is important to understand this term as it can have a significant impact on the insured's financial protection. Let's delve deeper into what this clause entails.
Related terms
Understand the meaning and definition of Replacement in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Public insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Promissory warranty in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Accidental death benefit in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Endowment Plan in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Actual loss ratio in the context of stock market, trading, and investments.
MOREExplore other categories
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
