Money in Transit definition
Money in Transit means
Money in Transit means Money in direct transit in the custody of the Takaful Participant of a director, partner or employee of the Takaful Participant.
Money in Transit means Money in direct transit in the custody of the Participant of a director, partner or employee of the Participant.
Examples of Money in Transit in a sentence
If during any Period of Takaful any director partner or employee of the Takaful Participant (hereinafter called the Person Covered) whilst accompanying Money in Transit shall as a result or robbery or hold-up or any attempt thereat sustain loss or damage to personal clothings / effects, the Company will indemnify such Person Covered.
More Definitions of Money in Transit
Money in Transit means Money in direct transit in the custody of the insure or of a director, partner or employee of the insured or any third party authorized by the insured