[S029]

selling price clause
An endorsement which can be added to a fire policy covering a stock of merchandise, which extends the policy to cover beyond the actual value of the stock. One form, covering only stock already sold, is available to both mercantile and manufacturing risks and pays the price for which the stock had been sold. The other form, covering unsold stock, is available for manufacturers only and pays the price for which the owner expected to sell the stock.

(See profits insurance.)