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CNA CNA PARAMOUNT <br />First Party Glossary of Defined Terms <br />Raw Stock <br />Raw stock means material in the state in which the Named Insured acquired it for conversion into finished stock. <br />Real Property <br />Real property means: <br />A. buildings and temporary or appurtenant structures of such buildings; <br />B. fixtures; <br />C. personal property that is used to maintain or service the buildings, locations or reported unspecified <br />locations; <br />D. the Named Insured's indoor and outdoor signs; <br />E. materials, equipment, supplies and temporary buildings used for making additions, alterations or repairs to any <br />such building; <br />F. paved or concrete surfaces owned by the Named Insured; <br />G. building foundations; or <br />F. underground pipes, flues and drains owned by the Named Insured. <br />Real property does not include property not covered. <br />Records of Accounts Receivable <br />Records of accounts receivable means accounting records used by the Named Insured to document the billing and <br />collection of money due from the Named Insured's customers, regardless of what medium those records are <br />inscribed, printed, written or recorded upon. <br />Records of accounts receivable includes: <br />A. money due the Named Insured from its customers that the Named Insured is unable to collect after exerting all <br />reasonable effort to do so; <br />B. interest charges on any loan required to offset amounts the Named Insured is unable to collect pending the <br />Insurer's payment of these amounts; and <br />C. collection expenses in excess of the Named Insured's normal collection expenses that are made necessary by <br />such loss or damage, <br />resulting from the direct physical loss of or damage to records of accounts receivable. <br />Rental Value <br />Rental value means that portion of net income that would have been earned or incurred as rental income from tenant <br />occupancy of a location or reported unspecified location as furnished and equipped by the Named Insured, <br />including fair rental value of any portion of the location or reported unspecified location which is occupied by the <br />Named Insured. <br />Replacement Cost <br />Replacement cost means the cost to repair or replace covered property at the time of direct physical loss or <br />damage with property of comparable material and quality on the same or another site, and used for the same purpose, <br />without deduction for depreciation, deterioration, and obsolescence which amount is computed as of the time and at <br />the place of such loss or damage. If property of the same kind and quality is no longer available, the Insurer will pay to <br />replace it with other property of similar quality and function, including property of greater processing capacity. <br />CNA62641XX 10-15 <br />Copyright CNA All Rights Reserved. <br />a r N Risk MmRgmertt DiAsian <br />3 REVIEWED & APPROVED BY.- <br />E� Risk Management Analyst <br />