Wertminderung loss of value

Creator:	kbamert
Language pair:	allemand vers anglais
Discipline:	-
Definition / notes:	Damage depreciation Commonly used in aviation policies to describe the inherent loss of value to an aircraft that has been damaged and repaired. An identical aircraft that had never been damaged would be worth more in a sale than one that has been repaired, even if the repair work was exemplary.
URL:	http://www.amsginsurance.com/glossary.cfm