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After the collision and subsequent repairs, the owner filed a claim for diminished value, arguing that the car's market price had not fully recovered.
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After the collision and subsequent repairs, the owner filed a claim for diminished value, arguing that the car's market price had not fully recovered.
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Related words
diminished value
Noun
uncountable
Japanese Meaning
法律や保険の文脈で、損傷を受けた後に修理された、または建設が不適切・契約に沿わず行われたことにより、物件の市場価値が補填対象となるほど低下した状態
English - English
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