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Old 21st Apr 2011, 10:29
  #155 (permalink)  
SIUYA
 
Join Date: Nov 1998
Location: Planet Earth
Posts: 685
Received 81 Likes on 25 Posts
Ejector...

Sure, walschaert valve's initial reference to CTL (post #144 on 8th March) seemed to be expressed with a bit of an 'attitude' problem, which he/she apologised for in post #147 the same day by elaborating that CTL = Constructive Total Loss.

If you read the posts, and did your supposed Google search using the term wv provided on 8th March, then this is what you would have found on the FIRST page of your search! In fact the first 'return' on page 1 of the search:

http://www.austlii.edu.au/au/journal...LJ/1989/10.pdf really said it all.

Return #4 on page 1 of the search also revealed:

In insurance, not an 'actual total loss' but a situation where (1) the actual total loss appears unavoidable (as in case of perishable goods), or (2) a partial loss has occurred to an extent that the property is beyond economical repair (cost of restoring it exceeds its insured value).

In CTL cases, the insured may (if terms of the insurance policy permit) abandon the property by giving a 'notice of abandonment' to the insurer who then assumes all rights to the property.
Source: What is constructive total loss (CTL)? definition and meaning, Business Dictionary

I can't understand why you seem to have a problem with this?
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