Earned Premium
If an insured person pays for a policy in advance, the “earned” premium is the portion of the policy that has already been used.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
If an insured person pays for a policy in advance, the “earned” premium is the portion of the policy that has already been used.
the bar that will deny something that is sworn to under oath in a previous suit in future suit.
a Latin phrase that is the motto of the USA and states: Out of many, one or more commonly One for all and all for one.
This occurs when a case is heard by the right jurisdiction but the judge then exceeds his jurisdiction when giving judgement.
This phrase is found new laws and indicates which legislative body voted for the statute.
The term applied to a trust or an interest that will arise at a time in the future.
This term is applied to the estimated income tax that is based on the earnings expected and not that already earn.
a term where a person will not be served a summons or a subpoenas while he is performing a public duty.
the term for having the sole power.
This when another person’s property has been used for a long period of time and is not obtained legally but by custom.
The bar that stops the litigation of facts that have already been determined.
This concerns the operation of laws outside the boundary of a state or country.
This term means a change in the rules governing how property will be inherited by the legal descendants.
situation in an organisation that calls for a response from management.
This term is given to verdict that is out of proportion to the matter in hand and violates the conscious of the court.
the term that is given to an injunction that is issued without notice being given to the party opposing.
The name given to the freedom a child gets when his parents allow him to leave home. Cf., What Does Emancipation Mean?
the person who is appointed as the executor and will also be the trustee.
These are the written down records of court decisions.
a bar that will renounce or renege that facts that have already been agreed to in a contract.
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