Creation of a damage reserve

Quelle: https://example.com/glossar-schadenreserve-neubildung

Process of establishing a new provision to cover anticipated damages or claims in transport and logistics, i.e., creating a new damage reserve. It is typically recorded in financial accounting or insurance reserve accounts.

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Damage

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Release of damage reserve

Concept referring to the dissolution or release of a financially designated damage reserve after damage claims have been assessed or settled; release ...

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