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Glossary   >   E   >   "Ex Gratia Payment" Definition            Ex Gratia Payment Latin for "from favour." A payment by an insurer to an insured for which there is no liability under the contract. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Ex Gratia Payment - Latin for "from favour." A payment by an insurer to an insured for which there is no liability under the contract.