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单词 notice of abandonment
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notice of abandonment
notice of abandonment n. a formal notification of intent to give up or relinquish something; (frequently) spec. in Commercial Law (chiefly in marine insurance) a formal assurance of intent to relinquish to the underwriters all interest in property insured after a loss; cf. sense 4.
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1781 J. Weskett Compl. Digest Theory, Laws, & Pract. Insurance 497 The plaintiffs, on the 26th of January 1780..gave a formal notice of abandonment, to the insurers, demanded a total loss, and brought actions against them for the same.
1824 Observer 1 Mar. 3/5 A notice of abandonment had been given to the underwriters, and the plaintiffs claimed as for a total loss.
1885 Law Rep.: Queen's Bench Div. 15 11 Notice of abandonment need not be given to the underwriters of a policy of re-insurance.
1905 Official Gaz. 11 Apr. 1583/1 This is a petition from the Examiner's ruling that the above-entitled application [for a patent] is abandoned... The only action taken between the notice of abandonment and the filing of this petition was a letter from the attorney.
1954 W. G. Hays in C. E. McDowell & H. M. Gibbs Ocean Transportation xviii. 363 After they have received notice of abandonment from the owner, the underwriters are under obligation either to accept or to decline the abandonment within a reasonable time.
2009 Fiji Times (Austral.) (Nexis) 12 Sept. 2 We have informed the under writers that we regard her as a constructive total loss. We have given notice of abandonment.
extracted from abandonmentn.
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更新时间:2025/1/11 20:43:30