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|English to Spanish translations [PRO]|
Bus/Financial - Insurance / scheme of arrangement
|English term or phrase: specie risk|
|Between 1975 and 2003 XXX wrote a wide variety of risks including aviation, personal accident, professional indemnity, contingency, bloodstock, property, engineering, UK and international liability, marine hull and war, energy, cargo, specie, political risks, and reinsurance facultative and treaty business.|
I'm not sure of the Spanish translation but this is the definition:
Valuable cargo such as money, precious metal, jewelry, etc. (see also "Loss of Specie").
Loss of Specie
A change in the character of cargo which, in insurance terms, is effectively an actual total loss.
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|thanks for your help cmwilliams! regards!|
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