Chapter 3 Flashcards
Vacant
Empty, or when the normal occupant is absent and the contents have been removed
Unoccupied
Lack of habitual presence of human beings. The premises are complete with its contents except that such person who normally occupies the premises is temporarily away
Loading
An additional rate charges over and above the fire rate
Centrifugal Force
The Inertia of a body that tends to move it away from the center around which it revolves
Mechanical Breakdown
A failure in the working mechanism of machinery, a functional defect in the moving parts of the equipment which causes the latter to cease function or to function improperly.
Electrical Breakdown
Failure in the electrical mechanism of the machinery, appliance or device
Trade Loss
Types of losses which might be expected as a part of the every day operation of a business
Wear and Tear
Deterioration or depreciation in value by ordinary care and reasonable use of the subject matter
Gradual Deterioration
Deterioration of an object which arises naturally over time
Latent Defect
Hidden or concealed defect. One which could not be discovered by reasonable customary inspection.
Inherent Vice
Something within a commodity or other kind of property that causes its demise over time
Mysterious Disappearance
Disappearance under circumstances which cannot be explained.
