单词 | agreed value |
释义 | agreed value agreed value noun [U]
(Insurance ) the amount that a vehicle, boat, etc. is worth that is agreed with the insurance company when the insurance is arranged. This amount will be paid if the item is destroyed or stolen: You can choose agreed value and we'll pay you the sum you chose at the start of the policy. an agreed-value policy ⇨ MARKET VALUE |
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