Hear a word and type it out. How many can you get right?
TAKE THE QUIZ“new for old”
We have one entry that includes the term new for old.
deduction new for old
noun: a subtraction made by a marine underwriter from the total cost of repairs in paying a claim under a hull-insurance policy to allow for the gain in excess of loss to the shipowner resulting from the new material installed during repairing
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Merriam-Webster unabridged
