All Definitions
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Retention Limit
Retention Limit means the maximum amount a company will retain at its own risk under an insurance policy.
Retention Letter
Retention Letter means a document held to maintain net economic interest significantly, updated by various [parties] from time to time.
Right of Way (ROW)
Right of Way (ROW) means the specified area owned or controlled by an [authority], used for roadway, utilities, structures installation and public access
Retail Business
Retail Business means a consistently operated enterprise selling goods or services directly to individual consumers at a physical location or via online platforms.
Safety Purposes
Safety Purposes means the act of protecting human life, property, and designated areas
Sales Agency
Sales Agency means a business entity authorized to conduct retail-oriented activities, promoting, marketing, and selling products as per a specific agreement.
Sales Personnel
Sales Personnel means individuals employed or contracted to sell goods or services for a business.
Robbery and hold up
Robbery and hold up means insured items are taken away or surrendered due to force, threats or physical violence against authorized residents/visitors on the insured's property
Sale Consideration
Sale Consideration means the total income generated from the disposal or transfer of relevant securities.
