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Legal Forums arrow Legal Dictionary

LOST OR NOT LOST.

Legal Term: LOST OR NOT LOST.
Definition: These words are sometimes inserted in policies of marine insurance. They are used when the underwriter undertakes that if the ship or goods should be lost at the time of the insurance, still the underwriter is liable, provided there is no fraud. Moll. B. 2, c. 7, s. 5; Hildy. on Mar. Ins. 10.





***All definitions are taken from the 1856 Edition of Bouviers Law Dictionary

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