label clause

noun
variants: or labels clause

Definition of label 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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Learn More About label clause

Dictionary Entries Near label clause

label

label clause

labellate

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Cite this Entry

“Label clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/label%20clause. Accessed 23 Sep. 2021.

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