Definition Definition

> Automotive Engineering

Loss

Loss is the amount an insurance company pays on a claim.

Category: Automotive Engineering
Share it: CITE

Related Definitions

  • Total Loss
    Total Loss is a vehicle is considered a total loss...
  • Loss of Use
    Loss of Use is compensation to a third-party claimant for...
  • Gloss
    Gloss is the degree to which a painted surface possesses...
  • Power loss
    Power loss is an engine runs at reduced speed or...

Recent Definitions

Crude Oil Crude Oil is a petroleum product made up of hydrocarbon...
Uninsured motorist protection Uninsured motorist protection is coverage that pays the insured for...
Collision and upset Collision and upset means motor vehicle insurance that pays to...
Computer-aided design (CAD) Computer-Aided Design (CAD) or Computer-Aided Design and Drafting (CADD) is...
Product Life Cycle Product Life Cycle is a conceptual model of the stages...
Instrument Instrument is a formal legal document in writing e.g. bill...
Categories