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Warranty Accrual Method
An accounting method that involves setting aside an estimated amount to cover future warranty claims based on sales volume.
Estimated Liability
A financial obligation that is anticipated but the amount and/or timing is uncertain, requiring estimation based on best information available.
Warranty Repairs
Services provided to repair or fix products covered under a warranty at no charge to the customer, typically within a specified time period after purchase.
Estimated Premium Claims
The projected claims that an insurance company expects to pay out based on the premiums it has received.
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