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LSDefine

Simple English definitions for legal terms

loss damage waiver (LDW)

Read a random definition: V.E.

A quick definition of loss damage waiver (LDW):

Loss damage waiver (LDW): A loss damage waiver is a contract between a person renting a car or heavy equipment and the merchant. The merchant agrees not to hold the person responsible for any damage or loss that may occur to the rented item. However, the waiver may not cover intentional damage or damage caused by the person's misconduct. It is not insurance.

A more thorough explanation:

A Loss Damage Waiver (LDW) is a contract between a consumer and a merchant when renting a car or heavy equipment. The merchant agrees not to hold the consumer liable for any loss that results from damage to the rented item. LDW is also known as Collision Damage Waiver (CDW) or Physical Damage Waiver (PDW).

For example, when renting a car, a consumer may enter into an LDW contract with the rental company. If the car is damaged during the rental period, the rental company will not hold the consumer responsible for the cost of repairs, as long as the damage is covered by the LDW. However, the LDW may not cover damage caused intentionally by the consumer or damage resulting from the consumer's willful or wanton misconduct.

Similarly, when renting heavy equipment, a customer may enter into a Heavy Equipment Loss Damage Waiver contract with the merchant. The Heavy Equipment Loss Damage Waiver is not insurance, but it protects the customer from being held liable for any loss resulting from damage to the rented equipment.

loss carryover | loss of bargain rule

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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