A
As is where is
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Commercial
term that buyer shall accept delivery of goods at the same place where
it lies and in the same condition as it exists at the time of inspection
prior to purchase. In General Insurance this term is used mostly
relating to salvage disposal transactions.
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A.O.A.
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Any
one accident. The term, in relation to liability insurance, refers to
the maximum liability of the insurer in respect of all claims, both for
bodily injury and property damages of third parties arising out of any
one accident.
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