See Also: VALUED POLICY(law)
Valued policy(finance)
valued(dictionary)
pluri-valued(dictionary)
Fully valued(finance)
logic, many-valued(encyclopedia)
policy(medicine)
Policy(finance)
policy(1)(dictionary)
policy(2)(dictionary)

Lamut (iou) and VALUED POLICY (law)


Lamut (iou)



Lamut noun & adjective. [la'mu:t] Also Lamout. E18.
[Origin unkn.]
A. noun.
A member of a branch of the Tungus people living on the shores of the Sea of Okhotsk. E18.
The language of this people, belonging to the Manchu-Tungus family. L18.
b. attrib. or as adjective. Of or pertaining to the Lamuts or their language. L18.

VALUED POLICY (law)


VALUED POLICY. A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the ship or goods insured, and this value has been inserted in the policy in the Nature of liquidated damages, to save the necessity of proving it in case of Nature of liquidated damages, to save the necessity of proving it in case of loss. 1 Bouv. Inst. n. 1230. loss. 1 Bouv. Inst. n. 1230.