- claim
- /kleɪm/ noun1. an act of asking for something that you feel you have a right to♦ the union put in a 6% wage claim the union asked for a 6% increase in wages for its members2. an act of stating that something is a fact● Her claim that she had been authorised to take the money was demonstrably false.3. an act of asking for money from an insurance company when something you insured against has taken place♦ to put in a claim to ask the insurance company officially to pay damages● to put in a claim for repairs to the car● She put in a claim for £250,000 damages against the driver of the other car.♦ to settle a claim to agree to pay what is asked for● The insurance company refused to settle his claim for storm damage.■ verb1. to ask for money, especially from an insurance company● He claimed £100,000 damages against the cleaning firm.● She claimed for repairs to the car against her insurance policy.2. to say that you have a right to something or that something is your property● He is claiming possession of the house.● No one claimed the umbrella found in my office.3. to state that something is a fact● He claims he never received the goods.● She claims that the shares are her property.
Dictionary of banking and finance. 2015.