Insurance that covers damage to other peoples’ property if the insured is found to be liable for an accident.
The main operator of an insured vehicle.
How a vehicle is primarily used, such as for work, pleasure, etc.
The time period during which an insurance policy is effective. Also referred to as Policy Period.
The time period during which an insurance policy is effective. Also referred to as Policy Term.
The date on which an insurance policy ends.
The maximum amount an insurance company will pay under a policy to each person injured in an accident.
A cap on the amount an insurance company pays under a policy for all claims arising from a single accident.
the term given to a marriage of good faith but was actually unlawful.
the term that is given to a violation of a public right that could lead to injury or harm.
a restraining order stopping a person from acting that differs from an affirmative injunction that makes them act. See restraining order.
See petit larceny.
the power of the trustee directors of a non-profit institution to manage its affairs.
1. Damage to a person’s body. 2. An injury that exists so a person cannot physically enjoy his property.
TLD Example: The driver of one of the cars involved in the collision was the only person suffering a physical injury and in need of medical treatment.
a document for the clean bill of health a ship must have before it can enter a US port.
a debt that has to be paid first before all other creditor’s debts.
the name that is given to a fund in trust with trustees for money invested for employees when they retire.
term used to describe a lover but has no legal relationship with the person.
a term used for the partner who has given funds to a partnership but isn’t engaged actively in running the business.
the term for a plea that is lacking in facts and its form of presentation.
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