Contextualizebeta

diminished value

noun

Definitions

  1. A compensable loss in a property item's value after having been damaged and subsequently…

    A compensable loss in a property item's value after having been damaged and subsequently repaired or, in the case of a construction, having been constructed improperly or not according to contract.

    • Most automobile insurance policies, however, exclude coverage for diminished value.
    • In assessing the income of the company for taxation the Commissioner allowed the claim for deduction for the actual cost of repairs and renewals, but did not allow any claim for diminished value.

The neighborhood

Vish — recursive loop

No curated loop yet for diminished value. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA