Legal Articles

Bodily Injury Liability Coverage

A type of auto insurance coverage wherein the insurer will cover the cost of bodily harm caused by the policyholder deemed at fault in an accident.

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Blue Book

A shortened name for the “Kelley Blue Book,” which publishes the values of used vehicles.

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Benchmark Rate

A government-set auto insurance rate used in Canada. An insurance company that sets its rates within a certain range of the benchmark rate does not need government approval to use those rates.

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BENEFICIAL DEVISE

a clause in a will that gives the inheritor a direct interest in the property of the person who made the will.

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BUDGET SYSTEM

the plan where you balance expenditures against the income so to ensure that solvency is maintained.

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BILL OF INFORMATION

the written statement that accuses a person of a crime that leads to a trial for the commission of the said crime. Also known as a complaint.

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BAR EXAMINATIONS

The examinations that law school gaduates need to pass before being given the priviledge to prac tice law in a state or federal court.

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BANNS OF MATRIMONY

the term that is applied to the public announcement of an intended marriage. These proclamations are usually made in a church.

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BANK A DEAL

the term used when you lend money to a person with who you have a contract and makes the borrower into a creditor.

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BOARD OF ARBITRATION

a court like body that is authorised to act in an impartial manner under all of the rules of arbitration.

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BILLY

This term refers to a club or a bludgeon. Many police officers carry a billy.

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BOOKMAKER

a professional betting man who takes bets from many people on different sporting events and then distributes money to the winners.

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BELONGINGS

This term applies to all personal property including land and any other type of property.

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BLACKMAIL

term for extortion and it is a criminal act where a person will attempt to get money from another person by threats.

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BELLIGERENT RIGHTS

These are the rights that are exercised during the conduct of a war.

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BURDEN OF EVIDENCE

the term that applies to the responsibility of a party starting a lawsuit to produce the evidence that will prove the case.

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BONDED INDEBTEDNESS

a debt that is secured by an issued bond with the monies received to be used for corporate purposes.

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BEHIND CLOSED DOORS

This term applies to a conference that is held in secret.

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BETROTHAL

a term meaning to promise to marry or an engagement.

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BOTTOM HOLE CONTRACT

an agreement where the owners contract to pay the well drillers a set some of money when they reach a certain depth.

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