market value clause

noun

Legal Definition of market value clause

: an insurance clause providing for payment of a loss of goods at market value rather than manufacturing cost

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Dictionary Entries Near market value clause

market value

market value clause

marriage

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Cite this Entry

“Market value clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/market%20value%20clause. Accessed 20 Oct. 2021.

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