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.
See Appendix 11.
a bequest that gives to a beneficiary a certain item from an estate.
the term given to a legacy that may or may not take place at a future time.
the term that is given to a second or third legacy to a legatee that is contained in the same will.
the term that describes an act and states what the future law will be for cases arising from it.
the term used when a person is deprived of his citizenship due to giving false information when applying.
These are the names given to laws that allow people to recover damages for injuries.
the name given to a person who tries to influence the legislators to vote in favour of a certain legislation.
the term that is given tom the people who are responsible for keeping the peace such as sheriffs and the police.
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.
Featuring Black’s Law Dictionary
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