An engagement upon interest or no interest; the performance of the voyage in a reasonable time and manner, and not the bare existence of the ship or cargo, is the object of insurance.
·vi To make a bet; to lay a wager. II. Wager ·vt That on which bets are laid; the subject of a bet....
Webster's Dictionary of the English Language
·noun Civil polity. II. Policy ·noun Motive; object; inducement. III. Policy ·vt To regulate by la...
A written contract, by which the insurers oblige themselves to indemnify sea-risks under various con...
The Sailor's Word-Book
·add. ·- One that covers a group or class of things or properties instead of one or more things ment...
·add. ·- A policy of term insurance. ...
·add. ·- A policy limited to become void at a specified time; — often contrasted with voyage policy...
·add. ·- A policy in which the value of the goods, property, or interest insured is specified; — op...
See policy. ...
Where the amount of the interest of the insured is not fixed by the policy, but is left to be ascert...
Is where a value has been set upon the ships or goods insured, and this value inserted in the policy...
·add. ·- A law requiring insurance companies to pay to the insured, in case of total loss, the full ...