Crime Loss definition

Crime Loss means loss sustained under the Crime Coverage Part.
Sample 1Sample 2Sample 3
Crime Loss means the direct financial loss sustained by the company following a single or a series of related or repeated theft(s).
Sample 1
Crime Loss means loss of Transaction Funds caused by any dishonest or fraudulent act committed by a person (whether acting alone or in collusion with any other person), with the intent to cause such loss to occur or to obtain a financial gain, whether for themselves or any other person.
Sample 1

Examples of Crime Loss in a sentence

  • PPM #40, Bonds and Crime Loss Control Policy, identifies the assignment of responsibility and procedures to be followed in order to protect OLG/DCRT from financial and/or property losses resulting from any act and/or omission by employees in the performance of their duties.

  • For losses covered under this Expanded Coverage Form for Crime (Loss Sustained Form) Paragraph C.

  • This will ensure that there is no lapse in your authorization.Bonds & Crime Loss Control Program The Bonds/Crime Loss Control Program has been developed to protect Grambling State University from financial and/or property losses resulting from any act and/or omission by any employee in the performance of his/her respective duties.

  • The Insurer will pay the Crime Loss incurred by an Insured Entity because of a Crime Event discovered during the Policy Period, in excess of the applicable retention and within the applicable Limits of Insurance.

  • The amount specified in the Schedule which is payable by the Insured in relation to each Crime Loss covered by this Section.

  • All reasonable and necessary legal fees and other professional fees, costs and expenses (other than wages regular or overtime salaries or fees of anyInsured Person, office overheads, travel costs unrelated to the Crime Loss, or other administration costs of any Insured) incurred by an Insured Entity, with Our prior written consent (which shall not be unreasonably delayed or withheld) to establish the existence and amount of any Crime Loss covered under this Section.

  • If any of yourbenefits are taxable for 2023 and they include a lump-sum benefit payment that was for an ear- lier year, you may be able to reduce the taxable amount with the lump-sum election.

  • Association Crime Loss first Discovered by the Association during the Period of Insurance arising from any physical loss of or damage to, or actual destruction of or disappearance of any of the Association’s Money or Negotiable Instruments, including damage to or actual destruction of safes or vaults.

  • We shall pay the Company any Crime Loss for the Theft of Money, Tangible Securities, Property or Funds of the Company by a Third Party (unless acting in collusion with an Employee).

  • The framework will also provide an appropriate response to the requirements of the Sustainable Communities Act and the requirement to engage through formal partnerships to determine priorities for submission to Government.

Related to Crime Loss

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Crime means a misdemeanor or a felony.

  • Direct Loss means, in respect of either Party, any losses, liabilities, expenses, damages, costs and Claims arising directly as a result of the other Party's failure to perform its obligations under this Agreement, and for the avoidance of doubt, includes, in respect of the Seller, any loss of payment which would have been due to it but for the Buyer's breach of this Agreement;

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, and criminal or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Packet Loss means the difference between the number of service frames transmitted at the ingress UNI and the total number of service frames received at the egress UNI. Packet Loss may also be referred to as Frame Loss.

  • Catastrophic illness or “injury” means an illness or injury that is expected to incapacitate the employee for an extended period of time, or that incapacitates a member of the employee’s family which incapacity requires the employee to take time off from work for an extended period of time to care for that family member, and taking extended time off work creates a financial hardship for the employee because he or she has exhausted all of his or her sick leave and other paid time off.

  • relevant loss means any loss or liability which has been or may be incurred by a relevant officer in connection with that relevant officer's duties or powers in relation to the Company, any associated company or any pension fund or employees' share scheme of the Company or associated company; and

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Catastrophic injury or illness means a life-threatening injury or illness of an employee or a member of an employee's immediate family that totally incapacitates the employee from work, as verified by a licensed physician, and forces the employee to exhaust all leave time earned by that employee, resulting in the loss of compensation from the state for the employee. Conditions that are short-term in nature, including, but not limited to, common illnesses such as influenza and the measles, and common injuries, are not catastrophic. Chronic illnesses or injuries, such as cancer or major surgery, that result in intermittent absences from work and that are long-term in nature and require long recuperation periods may be considered catastrophic.

  • Loss Occurrence means the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

  • Insured Loss means damage or destruction to improvements on the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a), irrespective of any deductible amounts or coverage limits involved.