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earned premium

amount of premium paid by the insured and the amount returned to the insured by the insurer upon cancellation of a policy before its term expires

Alteration of share capital

may be altered by increase (s. 53), consolidation or division, conversion of shares into stock and reconversion or cancellation of unissued capital (s. 50), or redemption of redeemable preference shares (s. 46). The alteration must be authorized

reserve

yet applied to policy coverage and from which a policyholder is paid a refund in the event of cancellation prior to the period for which premiums have been paid 4 : reserve price with reserve : with

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chapter 7 bankruptcy

chapter 7 bankruptcy a bankruptcy that requires assets be liquidated in exchange for the cancellation of debt. Source: U.S. Department of Housing and Urban Development

dependent relative revocation

dependent relative revocation : a doctrine holding that if the destruction, cancellation, or revocation of a will is dependent on the making of a new will which is not made

discharge

negotiable instrument) ;also : to render (an instrument) no longer enforceable [a formal instrument…may be discharged by either cancellation or surrender "J. D. Calamari and J. M. Perillo"] b : to release (a debtor in bankruptcy) from

dismissal

plaintiff from bringing the action again unless the plaintiff has brought the same action already. b : the cancellation of an indictment, information, complaint, or charge NOTE: Under Federal Rule of Criminal Procedure 48, the attorney for

executory

executory : designed or of such a nature as to be performed in the future or to take effect on a future contingency [cancellation of the portion of the contract "J. J. White and R. S....

grace period

(as payment of an obligation) may be taken without incurring the ordinarily resulting adverse consequences (as penalty or cancellation): as a : a period of 30 days or one month during which premiums on insurance policies may

leasehold insurance

leasehold insurance : insurance against loss to a lessee (as of profits derived from a sublease) because of cancellation of a lease as a result of fire or other specified peril

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