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 used to signify that a child has been adopted in accordance with the state laws.
the name given to a certificate that is issued by a clearing house to one of its banks.
the name given to the levy that is placed on the owner of real estate that is based on the value of the land.
a term used for the statement from a tax official to a tax payer giving the interpretation of tax laws.
the term applied to an appeal from a certain part of a decree or a judgement and not from the entire decree.
the term that is used when a person leaves the site of an accident without first checking to see if people are ok.
a term that means to make a complaint.
the term that applies to a temporary absence away from work due to a long illness or a holiday.
the term applied to the place a person spends most of his time and is the home that is recognised by law.
The term given to a money bequest that is from a specified fund.
the authority of a branch of government that is charged with making and enacting laws.
a term used as the charge for issuing a license.
an insurance policy that will pay a sum of money when the insured person dies.
the term used for stock that is traded on a stock exchange such as NASDAQ.
an expression that means a person will not ne placed in jeopardy that is a danger to life or limb.
Featuring Black’s Law Dictionary
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