A special drawing right is an international unit of account used by the IMF, in which baggage liability limits are expressed.
A special drawing right is an international unit of account used by the IMF, in which baggage liability limits are expressed.
Also called: SDR.
How it works#
The unit bundles several currencies and moves against the euro, so a baggage liability cap is not a fixed sum but converted daily. In practice that means the exact ceiling only emerges on the day of settlement, and published euro figures are always approximations tied to a date.
Not to be confused with#
A special drawing right is not a currency for payments: it serves only as a unit of account for liability limits in international treaties.
In German#
The German term is Sonderziehungsrecht. German version of this term
Related terms#
- Montreal Convention: The Montreal Convention is an international treaty governing airline liability for baggage, delay and personal injury on international journeys.
- Baggage liability: Baggage liability is an airline’s obligation for delayed, damaged or lost luggage, capped at a maximum amount per passenger.
- Property irregularity report: A property irregularity report is the record filed at the airport for missing or damaged baggage and the basis of every later claim.
Articles that use this term#
TopicEvery article and term onRights and disruption.