label clause

noun

variants or labels clause
: a clause in marine insurance limiting the liability of the assurer when only labels, capsules, or wrappers are damaged to the cost of reconditioning to an amount not exceeding the insured value of the goods

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Cite this Entry

“Label clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/label%20clause. Accessed 21 Nov. 2024.

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