How is Date of Loss defined in a legal contract?
- Date of Loss means the specific day when an incident happened to your vehicle resulting in a payment claim for total damage. Seen in 76 SEC filings.
- Date of Loss means with respect to a covered risk. Seen in 22 SEC filings.
- Date of Loss means the day when a loss is considered to have occurred within the rules of the act, and is the first of the following to occur. Seen in 16 SEC filings.
- Date of Loss means the specific day the grain commodity dealer filed for bankruptcy; or, if bankruptcy is not declared, the day a check was returned for insufficient funds, or the day otherwise determined by the department. Seen in 12 SEC filings.
- Date of Loss means the specific day when a loss to the equipment occurs. Seen in 11 SEC filings.
- Date of Loss means the day when the incident to the insured vehicle occurs, which results in a payment claim for total loss under the Comprehensive Motor Insurance. Seen in 11 SEC filings.
- Date of Loss means the specific day when the event referred to in the definition of “Loss” occurs. Seen in 10 SEC filings.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Date of Loss means the specific day when an incident resulting in a total damage payment claim occurs.
Relevant Contract Types
Relevant Circumstances
- When an incident with a rental vehicle leads to a damage claim.
- During the event of an accident resulting in the filing of an insurance claim.
- In events leading to damage or loss of leased or rented equipment.
Relevant Sectors
Genie Definition 2
- Date of Loss means the exact day a covered risk or loss, as defined by the [Governing Body or Law], occurs.
Relevant Contract Types
Relevant Circumstances
- During situations leading to commercial property damage or loss.
- When a covered risk event occurs triggering an insurance claim.
- In events leading to product damage or failure within the warranty period.
Relevant Sectors
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Date of Loss means the specific day when an incident resulting in a total damage payment claim occurs.
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