What does Claim stand for?

1. A demand of payment.

2. In insurance, a demand for payment of money or property as the result of an insured loss..

3. In transportation, a demand for return of overpaid charges. Also, a demand for reimbursement of losses due to loss or casualty to cargo or failure to deliver.

Source:

McGraw-Hill Dictionary of Business and Financial Terms, 5th Edition. McGraw-Hill, 2003.

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