Insuring Agreement - Law Dictionary Search Results
Trade Union
merely that they are in restraint of trade, be unlawful so as to render void or voidable any agreement or trust.' S. 4. 'Nothing in this Act shall enable any court to entertain any legal proceeding instituted … s. shall be deemed to constitute any of the above-mentioned agreements unlawful.' The Act, which was amended to insurance of children's lives, the membership of minors, the local jurisdiction of justices, and other matters by the Trade
direct insurance
direct insurance : an insurance contract in which the insurer agrees to pay the insured for a designated loss compare … direct insurance : an insurance contract in which the insurer agrees to pay the insured for a designated loss compare reinsurance
insure
insure in·sured in·sur·ing vt : to assure against a loss by a contingent event on certain stipulated conditions or … at a given rate of premium : give, take, or procure insurance on or for vi : to contract to give insurance : underwrite ;also : to procure or effect insurance
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bond
bond 1 a : a usually formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations … surety responsible for the consequences of the obligated person's behavior. Some bonds, such as fidelity bonds, function as insurance agreements, in which the surety promises to pay for financial loss caused by the bad behavior of an
cancel
bank NOTE: A check is no longer negotiable once it has been cancelled. d : to withdraw an agreement to honor (a letter of credit) [when an issuer wrongfully s or otherwise repudiates a credit before presentment … for the default of all or any unperformed part of the lease contract. 3 : to terminate (an insurance policy) before the end of policy period usually as allowed by policy provisions can·cel·able or can·cel·la·ble adj
risk
the consumer "Case & Comment"] 2 a : the chance of loss to the subject matter of an insurance contract : uncertainty with regard to loss ;also : the degree of probability of such loss compare peril … consumer "Case & Comment"] 2 a : the chance of loss to the subject matter of an insurance contract : uncertainty with regard to loss ;also : the degree of probability of such loss compare peril b
franchise
a fast-food ] 4 a : an amount of liability (as a percentage or sum) specified in an insurance contract below which an insurer disclaims liability and above which the insurer assumes total liability compare deductible b … fast-food ] 4 a : an amount of liability (as a percentage or sum) specified in an insurance contract below which an insurer disclaims liability and above which the insurer assumes total liability compare deductible b :
comprehensive general liability insurance
comprehensive general liability insurance : liability insurance for a business that usually covers losses from products liability, premises liability, and some liabilities … that usually covers losses from products liability, premises liability, and some liabilities that the insured assumes under a contract (as a lease)
C.I.F
C.I.F.--'Cost, insurance, and freight.' Sometimes written C.F.I. These letters in a mercantile contract denote that the price named includes the … C.I.F.--'Cost, insurance, and freight.' Sometimes written C.F.I. These letters in a mercantile contract denote that the price named includes the price of the goods (cost), their insurance during transit to the
escape clause
allows a party to avoid liability under the contract for specified reasons ;esp : a provision in an insurance policy that denies coverage when other insurance covers the risk … escape clause : a clause in a contract that allows a party to avoid liability under the contract for specified reasons ;esp : a provision in
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