Risk Of Loss Definition

noun
A financial risk of being responsible for destruction or damage or the inability to locate property that a party may get stuck with when a transfer of property is occurring. According to the Uniform Commercial Code, the risk is borne by the seller until some contractual event occurs, at which point the risk shifts to the buyer. The phrase is also used in insurance contracts to denote the hazards that are covered by the insurance policy.
Webster's New World Law

Risk Of Loss Sentence Examples

  • While the risk of loss of capital is not to be avoided, it is of the utmost importance to limit the amount of money expended while the extent and value of the deposit are still uncertain and to do the necessary work by the cheapest methods consistent with thoroughness.

  • By far the greater part of the interest now paid in the civilized world is, in the language of the English economists, only a fair reward for risk of loss and for management of capital, and a necessary stimulus to saving.

  • Adding security features, such as burglar and fire alarms, reduces the risk of loss for a homeowner and can mean a discount on the cost of home insurance for retirees of up to 20 percent.

Related Articles

Find Similar Words

Find similar words to risk of loss using the buttons below.

Words Starting With

RRIRIS

Words Ending With

SSSOSS

Unscrambles

risk of loss

Words Starting With R and Ending With S

Starts With R & Ends With SStarts With RI & Ends With SStarts With R & Ends With SS

Word Length

12 Letter Words12 Letter Words Starting With R12 Letter Words Ending With S