Expediting Expenses
Definition of "Expediting expenses"
Payment by an insurance company to a damaged or destroyed business to hasten its return to normal business operations. For example, if a kitchen of a restaurant is damaged by fire, the insurance company may be willing to pay overtime wages to enable the restaurant to return to normal operations as soon as possible.
Popular Insurance Terms
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Person who transfers rights under an insurance or mortgage contract. ...
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Endowment period of time, in life insurance, at which the face amount of the policy is payable to the insured. ...
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