Affidavit of Loss

Affidavit of Loss

A sworn statement describing the particulars and circumstances of the loss of securities. This affidavit is required before a Bond of Indemnity can be issued and the securities replaced.

Affidavit of Loss

A statement declaring the loss of a security. One files an affidavit of loss when the certificate of the security is stolen or destroyed in a flood or fire. The affidavit includes information such as the holder's name and the circumstances surrounding the loss. One must file an affidavit of loss in order to receive a bond of indemnity and replace the lost security.

affidavit of loss

A notarized form detailing the circumstances relating to the loss of securities. An indemnity bond and replacement securities are not made available until an affidavit of loss is accompanied by a 2% surety premium.
References in periodicals archive ?
But we would be waiting for the mall management's affidavit of loss because we would still base our final report on that, It may also reach a half billion.
Much to my shock, we were told to secure an affidavit of loss and pay P100 for the replacement, as if my lolo had committed a grievous sin for losing his SC-ID card.
Ngayon, kapag kinumpiska ng local government ang lisensya ng isang motorista na pasaway, gagawa lang affidavit of loss ang driver na iyun at makakakuha siya ng isa pang lisensya.