Loan Receipt

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The Lectric Law Library DictionaryDownload this dictionary
Loan Receipt
Document signed by the Assured where he acknowledges receipt of money advanced by the insurance company as an interest-free loan (instead of payment of a loss) repayable to the insurance company only if the loss is recovered from a third party and then only to the extent of the recovery.

Courtesy of the 'Lectric Law Library.

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| Loan Receipt in Arabic