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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

Insured declared value

Market basics
Also called: IDV

The agreed current value of a vehicle, which caps what the own-damage portion of a motor policy will pay and forms the basis of a total-loss settlement.

In plain terms

It falls every year as the vehicle depreciates, which is why the own-damage premium falls too — and why dropping that cover on an old car is a bounded, knowable decision.

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Indian stock market glossary · Market Vidyalaya