TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CONTRACT COMPENSATION [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1989-06-20

English

Subject field(s)
  • Fire, Accidents, Miscellaneous Risks (Insur.)
CONT

A contract of compensation specifies that a stated amount is payable on the occurrence of the event insured against. This amount is not directly dependent on the "monetary value" of the insured's loss (although an insurable interest is required).

French

Domaine(s)
  • Incendies, accidents et risques divers (Assur.)
CONT

Une police de compensation spécifie qu'un montant donné sera payé si l'événement contre lequel elle assure se produit. Ce montant ne dépend pas directement de la «valeur monétaire» de la perte subie par l'assuré (quoique celui-ci doive avoir un intérêt assurable dans ce qui fait l'objet de l'assurance).

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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