Update
The Oxford Biblical Studies Online and Oxford Islamic Studies Online have retired. Content you previously purchased on Oxford Biblical Studies Online or Oxford Islamic Studies Online has now moved to Oxford Reference, Oxford Handbooks Online, Oxford Scholarship Online, or What Everyone Needs to Know®. For information on how to continue to view articles visit the subscriber services page.
Dismiss

Related Content

More Like This

Show all results sharing these subjects:

  • Social sciences
  • Business and Management

GO

Show Summary Details

Overview

actual total loss


Quick Reference

The complete destruction or loss of an insured item or one that has suffered an amount of damage that makes it cease to be the thing it originally was. For example, a motor car would be an actual total loss if it was destroyed, stolen and not recovered, or damaged so badly that the repair cost exceeded its insured value. See also constructive total loss.


Reference entries