Dictionary of Banking Terms: claim
claim
- rights to assets held by another, for example, a depositor's claim to assets of a bank or a creditor's claim represented by a lien.
- rights to an estate, for example, a life interest in the property of a deceased spouse.
- owner's right of possession, represented by a certificate of title.
Dictionary of Business Terms: claim
claim
request by an insured for indemnification by an insurance company for loss incurred from an insured peril.
Dictionary of Insurance Terms: claim
claim
request by an insured for indemnification by an insurance company for loss incurred from an insured peril.
Dictionary of Marketing Terms: claim
claim
statement that is used in advertising a product and that addresses some positive aspect of the product's performance or a benefit to be gained from use of that product-for example, "XYZ Soap is 99% pure!" or "XYZ Beer is less filling-and-tastes good!"
Dictionary of Real Estate Terms: claim
claim
request for reimbursement of a loss covered by an insurance policy or a culpable party in a tort case.
Example: The plaintiffs claimed losses of $400,000 from the negligence of their landlord.
