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Simple English definitions for legal terms

assecuration

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A quick definition of assecuration:

Term: ASSECURATION

Definition: Assecuration refers to marine insurance, which is a type of insurance that protects ships, cargo, and other marine-related items from damage or loss. It is a way for people who own or use boats or ships to protect themselves financially in case something goes wrong. Assecuration is also a general term for insurance in general.

A more thorough explanation:

ASSECURATION

Assecuration refers to marine insurance, which is a type of insurance that covers ships, cargo, and other related property against loss or damage during transportation by sea. It is a form of risk management that protects the interests of ship owners, cargo owners, and other parties involved in maritime trade.

Example 1: A shipping company purchases assecuration to protect their cargo from damage or loss during transportation across the ocean.

Example 2: A fisherman buys assecuration to cover the cost of repairing or replacing their boat if it is damaged or lost at sea.

These examples illustrate how assecuration is used to protect against the risks associated with maritime trade. In example 1, the shipping company is protecting their investment in the cargo they are transporting, while in example 2, the fisherman is protecting their livelihood by ensuring they can continue to work even if their boat is damaged or lost.

assecurare | assecurator

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babycat
19:43
We sharing Goodreads on here?
1a2b3c4d26z
19:43
jurassic park unironically good
1a2b3c4d26z
19:43
crime and punishment top 1
1a2b3c4d26z
19:43
im okay with being called basic for that one
2big2fail
19:44
im gatekeeping my current book
Dkk
19:44
@2big2fail: looks like an Aristotle wannabe.
2big2fail
19:44
whatever. im just reading the financial times
1a2b3c4d26z
19:44
ft goated
concorde
19:45
I hate Dostoevsky
2big2fail
19:45
studying cloud computing, not the cloud of unknowing
babycat
19:45
@1a2b3c4d26z: serotonin is my fave houellebecq
1a2b3c4d26z
19:45
chefs kiss mwah
2big2fail
19:45
i honestly dont understand why people like houellebecq
1a2b3c4d26z
19:45
I'll try to describe how I feel about him
2big2fail
19:46
my favorite french authors are balzac and proust, as basic as that is
1a2b3c4d26z
19:46
basically I read his book and the whole time I read it I liked it so I finished it and I said hm I liked that book written by the author houellebecq
1a2b3c4d26z
19:46
balzac hahaha
2big2fail
19:46
lost illusions is goated
does it take longer to hear back if u applied to scholarships for schools like ucla???
Dkk
19:47
For Houellebecq I have only read https://en.wikipedia.org/wiki/Atomised
JumpySubsequentDolphin
19:47
you guys should read averroes
also do we think ucla wont do a wave tmw cuz they did a tiny one tonight, can schools do 2 days ina. row
JumpySubsequentDolphin
19:47
perhaps read the incoherence of philosophy first and then read averroes’ response: “the incoherence of the incoherence”
2big2fail
19:47
@Dkk: i read that one. just thought it was boring and not really in touch with reality
JumpySubsequentDolphin
19:47
SPLITTY usually they’re Friday!
Dkk
19:48
@2big2fail: I agree.
HUH then what the heck is this wave tonight ab are they tryna give us an attack???
babycat
19:49
@texaslawhopefully: don’t really remember it but my ibooks library says i read it in 2020. that whole year is a haze.
Dkk
19:51
My favorite book though, The Good Morty: https://archive.org/details/TheGoodMorty
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