The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: P

Primary Use

How a vehicle is primarily used, such as for work, pleasure, etc.

Policy Term

The time period during which an insurance policy is effective. Also referred to as Policy Period.

Policy Period

The time period during which an insurance policy is effective. Also referred to as Policy Term.

Per Person Limits

The maximum amount an insurance company will pay under a policy to each person injured in an accident.

Per-Occurrence Limits

A cap on the amount an insurance company pays under a policy for all claims arising from a single accident.

POOR DEBTOR

an oath that is sworn by the debtor that he has no funds or property he can pay his debt with.

PARTNERSHIP GOODWILL

the term given to the intangible asset without a set value that h is obtained from the high regard of customers and their satisfaction of a service or goods.

POLITICAL PROCESS

the method used where the candidates for a public office are nominated and then elected.

PRESUMPTION OF SURVIVORSHIP

1. The assumption that one person has survived another when they both died in the same accident. 2. The assumption that a person is still alive even though no one has heard

PRIMARY BOYCOTT

a boycott that is carried against an alleged offender such as against a shop giving bad customer service.

PATENT APPEALS

name that is given to a federal court that is established in order to review customs and the decisions of courts.

POLICY PAID-UP

the name given to a life insurance policy where no more premiums need to be paid. See insurance, life.

PARTY OF RECORD

a term that is applied to the person who has been designated formally as a person engaged in a suit or in an appeal.

PURE PLEA

a plea that brings new material for the defence.

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