Casualty

Definition

• Any loss or liability to occur as a result of an accident or incident.

Synonyms
accident, injured, killed, death

Related Terms and Acronyms

• Burial Insurance — Definition,
  • Insurance that provides coverage for funeral expenses.
• Casualty and Theft Loss — Definition,
  • A loss caused by a hurricane, earthquake, fire, flood, theft or similar event that is sudden, unexpected or unusual. You can deduct a portion of personal casualty or theft losses as an itemized deduction.
• Casualty Insurance — Definition,
  • Insurance that covers losses and liability from injuries to others and/or damage to the property of others.