With Particular Average (WPA)
See: With Average
Without recourse ...
Also called With particular average. With dividend Purchase of shares that entitle the buyer to the forthcoming dividend. Related: Ex-dividend. With ice When issued.
Indicates a one-way market if 70 were bid in the market and there was no offer, the quote would be "70 bid without.".
With Particular Average (WPA)
See: With Average
Without recourse ...
With Average (W.A.)
Marine cargo insurance coverage providing for partial loss or damage to goods, either with or without a deductible. Also called With particular average.
to prevent initial or further damage to the ship and its cargo. These expenses and damages are paid by those with an interest in the ship and its cargo in proportion to their values exposed to the common danger. Contrast with particular average .
 See also: Marine cargo insurance, With average, Values, Expense, Fraud
  
|
RSS
