agreed value


agreed value
agreed value UK US noun [S] INSURANCE
an amount that an insurance company agrees to insure a property for at the start of an insurance period, and that it will pay if the property is lost or destroyed: »

Marine insurance policies can either specify an agreed value or specify that a value be determined when a claim is made.

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agreed value coverage/option/provision

See also MARKET VALUE(Cf. ↑market value)
Compare STATED VALUE(Cf. ↑stated value)

Financial and business terms. 2012.

Look at other dictionaries:

  • agreed value — A value stipulated by the parties to a contract; the value of the insured property stated in an insurance policy known as a valued policy. In a certificate of formation of a partnership, a statement that a limited partner had contributed property …   Ballentine's law dictionary

  • agreed value insurance — UK US noun [U] INSURANCE ► insurance for an amount agreed to by an insurance company at the start of an insurance period, rather than at the time the property is lost or destroyed: »Agreed value insurance guarantees you will get all of your money …   Financial and business terms

  • agreed-value insurance — ➔ insurance …   Financial and business terms

  • agreed — I (harmonized) adjective accordant, adapted, appeased, arbitrated, arranged, balanced, coherent, compromised, conceded, conciliated, concordant conforming, correlative, correspondent, counterbalanced, equable, equal, equalized, equivalent,… …   Law dictionary

  • agreed — Settled or established by agreement. Commonly synonymous with contracted. @ agreed amount clause Provision in insurance policy that the insured will carry a stated amount of insurance coverage @ agreed case See case agreed on case @ agreed… …   Black's law dictionary

  • Agreed Amount Clause — A property insurance provision in which the insurer agrees to waive the co insurance requirement. To obtain an agreed amount clause, insurers require a statement of property values signed by the insured as a condition of activating or including… …   Investment dictionary

  • value — The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists value in use, or its worth consisting in the power of purchasing other objects, called value in exchange. Joint Highway… …   Black's law dictionary

  • Value Measuring Methodology — (or VMM) is a tool that helps planners balance both tangible and intangible values when making investment decisions, and monitor benefits.Formal methods to calculate the Return on Investment (or ROI) have been widely understood and used for a… …   Wikipedia

  • Value — Val ue, n. [OF. value, fr. valoir, p. p. valu, to be worth, fr. L. valere to be strong, to be worth. See {Valiant}.] 1. The property or aggregate properties of a thing by which it is rendered useful or desirable, or the degree of such property or …   The Collaborative International Dictionary of English

  • Value received — Value Val ue, n. [OF. value, fr. valoir, p. p. valu, to be worth, fr. L. valere to be strong, to be worth. See {Valiant}.] 1. The property or aggregate properties of a thing by which it is rendered useful or desirable, or the degree of such… …   The Collaborative International Dictionary of English


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