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Market value clause |
: an insurance clause providing for payment of a loss of goods at market value rather than manufacturing cost
| Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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substituted contract
a contract between parties to a prior contract that takes the place of and discharges the obligations under the prior contract
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