market value clause
noun
: an insurance clause providing for payment of a loss of goods at market value rather than manufacturing cost
Dictionary Entries Near market value clause
Cite this Entry
“Market value clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/market%20value%20clause. Accessed 2 Dec. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share