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English definition of “collision damage waiver”

collision damage waiver

noun [C]     ( abbreviation CDW) INSURANCE
a type of insurance you can buy when you rent a car, so that you do not have to pay to repair it if it is damaged: Before you take out a collision damage waiver, check your auto insurance policy to see if you're already covered.
(Definition of collision damage waiver noun from the Cambridge Business English Dictionary © Cambridge University Press)
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