Generally, any onoff payment made by way of compensation for whichever claim. – The settlement of a non-monetary claim, such as a claim for delivery of goods under an option contract, by means of a one-time payment of a sum (any payment made by way of compensation for a legitimate claim). – In insurance, the replacement of an insured item that has perished by the payment of a corresponding amount to the insured (a benefit paid by an insurer for a loss insured under a policy). – See indemnity, obverse sum, detraction.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/