loss payee

English - Turkish

Definition of loss payee in English Turkish dictionary

(Sigorta) daini mürtein

(Sigorta) rehin alacaklısı

(Sigorta) dain-i mürtehin, rehin alacaklısı

Daını mürtehin

English - English

Definition of loss payee in English English dictionary

The person designated on an insurance policy to be paid in case the insured property is damaged or destroyed

The party to whom money or insurance proceeds is to be paid in the event of loss, such as the lienholder on an automobile or the mortgagee on real property (G)

General The party to whom money or insurance proceeds is to be paid in the event of loss, such as the lienholder on an automobile or the mortgagee on real property

Typically the finance company holding title to the owned auto

Party, other than the insured (such as a lending institution), having an insurable interest in the vehicle insured Also called a Lienholder

Hyphenation

loss pay·ee

Etymology

[ 'los ] (noun.) 13th century. Middle English los, probably back-formation from lost, past participle of losen to lose.