What does affidavit of loss mean?

affidavit of loss meaning in Law Dictionary

The document that identifies reduced a security. It could be stolen or damaged. The information of this loss take the document as soon as made an alternative is required.

affidavit of loss meaning in Business Dictionary

A written declaration that declares the actual loss in a security, usually through destruction or theft. The affidavit contains all the details about the certain reduction, including the owner's title and any information that pertains to the protection particularly its serial quantity or day of concern. As soon as this declaration has-been made, one may issue a letter of indemnity that requests the replacement of that safety.