What is the definition of Valued contract? | Dictionary.net

VALUED CONTRACT

\vˈaljuːd kˈɒntɹakt], \vˈaljuːd kˈɒntɹakt], \v_ˈa_l_j_uː_d k_ˈɒ_n_t_ɹ_a_k_t]\

Definitions of VALUED CONTRACT

1910 - Black's Law Dictionary (2nd edition)

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Insurance that pays out an agreed upon amount if loss should occur. Commonly life insurance. Refer to indemnity contract.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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