claim

Definitions

General English

Accounting

  • noun an act of asking for something that you feel you have a right to
  • verb to ask for money, especially from an insurance company
  • verb to say that you have a right to something or that something is your property
  • verb to state that something is a fact

Banking

  • noun an act of stating that something is a fact
  • noun an act of asking for money from an insurance company when something you insured against has taken place

Construction

  • A contractor's request for additional compensation or an extension of time pursuant to the contract terms.
  • A request to be paid for the cost of damages when an insured loss occurs.

Forex

  • (written as Claim)
    A communication notifying one party of facts or circumstanced demonstrating damages that they party has caused to a second party, typically in the context of initiating a civil action or lawsuit, demonstrating that the second party is entitled to sue for money or other damages. An investor who believes that they have sustained losses due to dishonesty or negligence on the part of a broker may bring a claim against that broker to obtain compensation through a civil action.

Law

  • noun a document used in the County Court to start a legal action
  • noun a statement that someone has a right to property held by another person
  • verb to state a grievance in court
  • verb to say that you have a right to property held by someone else
  • verb to attack someone in prison

Politics

  • noun a legal right which someone believes they have to own something
  • noun a right to something because of something you have done

Travel

  • noun an official request for something, e.g. for money owed to you by an insurance company

Origin & History of “claim”

The etymological notion behind claim is of ‘calling out’. It comes from claim-, the present stem of Old French clamer, which goes back to Latin clāmāre ‘cry out, shout’ (whose derived noun clāmor is the source of English clamour (14th c.)). Relatives of clāmāre include clārus (source of English clear) and possibly callāre ‘call out’ (whence English council); and it formed the basis of the English verbs acclaim, exclaim, and proclaim (their spelling was altered through association with claim). these words’ ultimate source was the onomatopoeic Indo-European base *klā-, which also produced low ‘make the noise characteristic of cattle’.
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