Define: Loss Valuation
Loss Valuation means the calculated value of goods or equipment if it hadn't been lost, destroyed, or damaged.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Loss Valuation means the calculated value of goods or equipment if it hadn't been lost, destroyed, or damaged.
Relevant Circumstances
- Equipment damages or loss during shipment
- Natural disasters resulting in loss or damages
- Theft or vandalism resulting in property loss