BREAKAGE

BREAKAGE

breakage.

1. An allowance given by a manufacturer to a buyer for goods damaged during transit or storage.

2. Insignificant amounts of money retained by racetrack promoters from bets. ? The retention of these small sums avoids the inconvenience of counting and paying out inconsequential winnings. [Cases: Gaming 9.]


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.