adjustment
Definition
Determination of the amount payable by the insurer to the insured, on a claim under an insurance policy. See also adjustments.
adjustment is in the Accounting & Auditing and General, Marine, & Life Insurance subjects.
adjustment appears in the definitions of the following terms:
budgetary control,
carpal tunnel syndrome (CTS),
currency adjustment factor (CAF),
servicing,
analog costing,
field order,
downtime,
after-tax real rate of return,
fixed price contract,
supplier quality assurance
and
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