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 term that is given to a less severe crime that will be included with the case of the more sever one.
the term applied to the authority or jurisdiction of a lower court.
A term applying to the demand where the amount has already been agreed to.
a Latin phrase for a pending suit or a person who has been suspended.
1. A tax or an assessment. 2. To tax, to assess, to impose a fine upon.
This term describes the person that you need to support as obliged by the law.
the name given to describe the executor, administrator or the person who looks after another person’s affairs.
the term that is given to your first name and your last name . Middle names are considered to be immaterial.
term that explains the buying out of a company by using borrowed m money.
the term that is the same as presumption of death. See Enoch Arden Laws.
a term where a law of a state gives its courts jurisdiction over people and property outside the state.
a Latin phrase that means the law of the land.
the term applied to direct line such as grandfather, son, grandson and is important when a person dies without leaving a will.
the term that describes a period in a mentally unbalanced person’s life where they act normally.
the term that refers to the court that is the last resort where there can be no appeal.
Enter your email address to stay current on legal news and receive special offers
Featuring Black’s Law Dictionary
Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.
- Martial Law: Everything You Need To Know In 2020
- W-9s: What It Is, Who They’re For, & How To Fill It Out
- Marijuana: Recreational, Grow, & Medical Laws By State 2020
- Economic Recession VS Depression: Similarities & Differences
- Brexit Explained For Those Who Don’t Live In The UK
- Imperialism Definition, Laws, & History: From Rome To Now
- Capitalism, Socialism, & Communism Explained In Plain English
- What Is A Government Shutdown & Who Does It Affect?
- Is It A Monopoly? Everything You Ever Wanted To Know
- Breach Of Contract: What It Is, Types, Examples, & Resolving Them
- Best Way to Find Someone in Jail for Free
- How Do You Look up License Plate Numbers?
- What Is A Police Welfare Check?
- Best Way to Run a Free Arrest Warrant Check
- Signing a Letter on Someone Else’s Behalf
- How To Find An Inmate’s Release Date
- How To Find A Name & Address Using A License Plate Number
- Best Way to Write a Professional Letter to a Judge
- How to Transfer a Car Title When The Owner Is Deceased
- How To Look Up My Court Date Online