Loss Damage Waiver

Business, Legal & Accounting Glossary

Definition: Loss Damage Waiver

What is the dictionary definition of Loss Damage Waiver?

Dictionary Definition

Rental car insurance that makes the rental car company responsible for damage to or theft of a rental car. This insurance is a major consumer ripoff, as it often duplicates coverage provided by the renter’s regular car insurance and/or the credit card she uses to rent the car. Nevertheless, hard-sell practices by rental car agents often dupe people into buying LDWs they don’t really need. LDW is also called “collision damage waiver.”

Synonyms For Loss Damage Waiver

Collision Damage Waiver, LDW

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Loss Damage Waiver. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 20, 2020 https://payrollheaven.com/define/loss-damage-waiver/.
Chicago Manual of Style (CMS):
Loss Damage Waiver. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/loss-damage-waiver/ (accessed: October 20, 2020).
American Psychological Association (APA):
Loss Damage Waiver. PayrollHeaven.com. Retrieved October 20, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/loss-damage-waiver/

Definition Sources

Definitions for Loss Damage Waiver are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd April, 2020 | 0 Views.