Meaning of “collision damage waiver” in the English Dictionary

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"collision damage waiver" in Business English

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collision damage waivernoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)