Also called Gap Insurance, Loan/Lease Payoff Coverage covers the difference between how much an insurer will pay on a lost, stolen, or totalled vehicle, and how much the insured person still owes on the vehicle.
Members of the same household who do not drive an insured vehicle.
A bank, person, or other entity having a financial interest (such as a loan) in a vehicle.
Acquiring a vehicle from a dealer or leasing company under a contract, requiring the lessee to pay periodic payments for a specified period of time.
When an insurance policy is terminated or cancelled, and a replacement policy has not been obtained.
the title given to the remaining estate after all of the bequests have been made.
the name that is given to a legacy to a trustee to be held in trust and the income earned will go to the beneficiaries.
This occurs when a person who has been made a promise alters his position so he now assumes liability.
the term given to an additional bequest that is granted by the same or a different will.
1. This term means to be held in court by the order of a judge. 2. This term means to be placed in a mental institution.
These are the terms that are applied to the laws that are based on the nature of man. See natural law.
a term that is given to statements that appear to be slanderous but which must be proved to slanderous.
the term that applies to the period of time that a writ is effective.
This term is the same as similar benefits.
term given to a bequest that has been taken from the general funds of the person who made the will.
the term that applies to a legacy that has no conditions.
This ism the term that is given to the situation where a legatee dies before the person who made the will.
The term applied to money taken from a policy that will be deducted from the total amount unless it is paid back.
the term used to describe the repeated and continued behaviour that is indecent in nature.
Featuring Black’s Law Dictionary
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