absolute total loss - definitie. Wat is absolute total loss
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Wat (wie) is absolute total loss - definitie

INSURANCE COVERING THE LOSS OF SHIPS AND OTHER TRANSPORT
Marine Insurance; Boat Insurance; Actual Total Loss; Actual total loss; Maritime insurance; Constructive total loss; Certified marine insurance professional; Certified Marine Insurance Professional; Average adjuster; Cargo insurance; Constructive Total Loss; Maritime hull loss; Hull loss (cruise ship)

Totaled         
  • "America"]] was completely written off after its forced ditching in the Atlantic in June 1927. Byrd and three others survived. The original destination [[Paris]] was socked in by fog making a landing impossible at LeBourget. Souvenir hunters stripped the aircraft of its fabric skin and other components.
SITUATION WHERE A DAMAGED PROPERTY'S SALVAGE OR REPAIR COST EXCEEDS ITS INSURED VALUE
Autos Katrina; Totaled; Total-loss; Statutory write-off
·add. ·Impf & ·p.p. of Total.
Average absolute deviation         
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SUMMARY STATISTIC OF VARIABILITY
Mean Absolute Deviation; Mean absolute deviation; Maximum absolute deviation
The average absolute deviation (AAD) of a data set is the average of the absolute deviations from a central point. It is a summary statistic of statistical dispersion or variability.
Least absolute deviations         
  • Figure A: A set of data points with reflection symmetry and multiple least absolute deviations solutions. The “solution area” is shown in green. The vertical blue lines represent the absolute errors from the pink line to each data point. The pink line is one of infinitely many solutions within the green area.
STATISTICAL OPTIMALITY CRITERION
Least absolute deviation; Minimum absolute deviation; Minimum absolute deviations; Least-absolute-deviations regression; Sum of absolute deviations; Least absolute errors; Least absolute value; Least absolute residuals; Least absolute values; LAD regression
Least absolute deviations (LAD), also known as least absolute errors (LAE), least absolute residuals (LAR), or least absolute values (LAV), is a statistical optimality criterion and a statistical optimization technique based minimizing the sum of absolute deviations (sum of absolute residuals or sum of absolute errors) or the L1 norm of such values. It is analogous to the least squares technique, except that it is based on absolute values instead of squared values.

Wikipedia

Marine insurance

Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though marine insurance also includes onshore and offshore exposed property, (container terminals, ports, oil platforms, pipelines), hull, marine casualty, and marine liability. When goods are transported by mail or courier or related post, shipping insurance is used instead.