vacancy clause
noun
variants
or vacancy permit
: a special endorsement in property insurance permitting premises to be vacant or unoccupied beyond the period stipulated in the original contract and insured during the extension period either for the full or a reduced amount
Dictionary Entries Near vacancy clause
Cite this Entry
“Vacancy clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/vacancy%20clause. Accessed 28 Nov. 2024.
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