Standard Turnover definition

Standard Turnover means the turnover achieved between the date of commencement of your business and the date of the damage, converted to the selected indemnity period.

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Standard Turnover means the proportionate equivalent for a period equal to the indemnity period of the turnover

Standard Turnover means the Turnover during that period in the 12 (twelve) months immediately before the date of the Damage which corresponds with the Indemnity Period.*

Examples of Standard Turnover in a sentence

• Note: this adjustment applies to Rate of Gross Profit, Annual Turnover, Standard Turnover, Gross Revenue, Standard Gross Rentals and Management Fees, Payroll, Rate of Payroll in this clause.

• The Rate of Gross Profit and Standard Turnover will be based on the experience of the business after construction is completed and the probable experience during the Indemnity Period.

• The Annual Turnover is the Turnover during the twelve months immediately before the date of the Incident The Standard Turnover is the Turnover during that period in twelve months immediately before the date of the Incident which corresponds with the Indemnity Period.

• Note: Adjustments shall be made to the figures representing the Rate of Gross Profit and the Standard Turnover as may be necessary to provide for the trend of the Business and for variations in or other circumstances affecting or would have affected the Business had the Incident not occurred, so that the figures thus adjusted shall represent as nearly as may be reasonably practicable results which but for the Incident would have been obtained during the relative period after the Incident.

• SHORTAGE IN The amount by which the Turnover during a period shall in consequence of the damage fall short TURNOVER of the part of the Standard Turnover which relates to that period.

More Definitions of Standard Turnover

Standard Turnover means “turnover” during that period in the twelve (12) months immediately before the date of the loss, destruction or damage by a peril insured against which corresponds with the “indemnity period”.

Standard Turnover the “turnover” during that period in the 12 months immediately before the date of the destruction or damage by perils insured against which corresponds with the “indemnity period.

Standard Turnover means the Turnover during that period in the twelve months immediately before the date of the Accident which corresponds with the Indemnity Period. With respect to the Rate of Gross Profit, Annual Turnover and Standard Turnover, adjustments shall be made as may be necessary to provide for the trend of the business and for variations in or special circumstances affecting the business either before or after the Accident or which would have affected the business had the Accident not occurred so that the figures thus adjusted shall represent as nearly as may be reasonably practicable the results which but for the Accident would have been obtained during the period after the Accident. If during the Indemnity Period goods shall be sole or services shall be rendered elsewhere than at the Location for the benefit of the business either by the Insured or by others on his behalf, the money paid or payable in respect of such sales or services shall be brought into account in arriving at the Turnover during the Indemnity Period.

Standard Turnover means the turnover during that period in the 12 months immediately before the date of the Damage which corresponds with the Indemnity Period; to which such adjustments shall be made as necessary to provide for the trend of the Business and for variations in, or other circumstances affecting, the Business either before or after the Damage or which would have affected the Business had the Damage not occurred, so that the figures thus adjusted shall represent, as nearly as may be practicable, the results which but for the Damage would have been obtained during the relative period after the Damage.

Standard Turnover the Turnover during that period in perils insured against would have been obtained during the 12 months immediately before the date of the relative period after the destruction or damage by destruction or damage by perils insured against which perils insured against corresponds with the Indemnity Period.

Standard Turnover means the Turnover during that period in the twelve months immediately before

Standard Turnover the "turnover" during that period in the 12 months immediately before the date of the destruction or damage by perils insured against which corresponds with the "indemnity period" to which such adjustments shall be made as may be necessary to provide for the trend of the business and for variations in or special circumstances affecting the business either before or after the destruction or damage by perils insured against or which would have affected the business had the destruction or damage by perils insured against not occurred, so that the figures thus adjusted shall represent as nearly as may be reasonably practicable the results which but for the destruction or damage by perils insured against would have been obtained during the relative period after the destruction or damage by perils insured against.