Any activity carried out to help a person/group to get something the person/group needs or wants.
Any activity carried out to help a person/group to get something the person/group needs or wants.
(1) In marine insurance: an award payable to a third party for services rendered to preserve maritime property from peril at sea.
(2) In property insurance: the residual monetary value of insured property damaged as a result of an insured peril.