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After the hurricane flooded the warehouse, the insurance company declared the shipment a total loss.
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After the hurricane flooded the warehouse, the insurance company declared the shipment a total loss.
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Related words
total loss
Noun
Japanese Meaning
会計上の意味：保険対象の資産が全額償却される状態。 / 保険上の意味：修理困難または修理費用が被保険価値を超えるため、完全な損失と判断される状態。
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