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Term of the Day
collision damage waiver
collision coverage
collusion
Definition
Special
policy
for individuals who have rented a
vehicle
. Under this policy, the
rental
company
waives
the
right
to
collect
damages
from the individual for any
loss
, even if the individual is at fault. There is a sizable
fee
associated with this
coverage
.
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escrow
annuity
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risk
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