Life Cap - Law Dictionary Search Results
Home Dictionary Name: life caplife cap
life cap a limit on the range interest rates can increase or decrease over the life of an adjustable-rate mortgage (ARM). Source: U.S. Department of Housing and Urban Development ...
cap
cap a limit, such as one placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease, either at each adjustment period or during the life of the mortgage. Payment caps do not limit the amount of interest the lender is earning, so they may cause negative amortization. Source: U.S. Department of Housing and Urban Development ...
rate cap
rate cap a limit on an ARM on how much the interest rate or mortgage payment may change. Rate caps limit how much the interest rates can rise or fall on the adjustment dates and over the life of the loan. Source: U.S. Department of Housing and Urban Development ...
Phrygian cap
A close fitting cap represented in Greek art as worn by Orientals assumed to have been conical in shape It has been adopted in modern art as the so called liberty cap or cap of liberty...
life insurance
life insurance : insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance : whole life insurance in this entry straight life insurance : whole life insurance in this entry term life insurance : life insurance that provides coverage for a set term and does not accumulate cash surrender value universal life insurance : life insurance characterized by flexible premiums, benefits, and payment schedules, by the indexing of cash value to money market interest rates, and by the periodic reporting of current value and company costs charged to the account universal variable life insurance : variable universal life insurance in this entry variable life insurance : life insurance in which all or part of the cash value of the policy is located in a tax-deferred investment portfolio with risk assumed by the insured for investment losses compare variable annuity at annuity variable univer...
Snow capped
Having the top capped or covered with snow as snow capped mountains...
Cap of maintenance
Cap of maintenance, one of the regalia or ornaments of State belonging to the sovereigns of England, before whom it is carried at the coronation and other great solemnities. Caps of maintenance are also carried before the mayors of several cities in England....
Life
Life, rights to life guaranteed by Article 21 Constitution of India includes livelihood, K. Chandru v. State of Tamil Nadu, (1985) 3 SCC 536: AIR 1986 SC 204.The word 'life' in Article 21 does not include livelihood. In Re Sant Ram AIR 1960 SC 932: (1960) 3 SCR 499; A.V. Nachane v. Union of India, AIR 1982 SC 1126: (1982) 1 SCC 205.The word 'life' in Art. 21, means not merely the right to the continuance of a person's animal of existence, but a right to the possession of each his organs - his arms and legs etc., Kharak Singh v. State of U.P., AIR 1963 SC 1295: (1964) 1 SCR 332. [Constitution of India, Art. 21]The expression 'life' has a much wider meaning. Where therefore the outcome of a departmental enquiry is likely to adversely affect reputation or livelihood of a person, some of the finer graces of human civilization which make life worth living would be jeopardised and the same can be put in jeopardy only by law which inheres fair procedures. In this context one can recall the fa...
Right to life
Right to life, the 'right to life' includes the right to livelihood. The sweep of the right of life conferred by Article 21 is wide and far reaching. It does not mean merely that life cannot be extinguished or taken away as, for example, by the imposition and execution of the death sentence, except according to procedure established by law. That is but one aspect of the right of life. An equally important facet of that right is the right to livelihood because, no person can live without the means of living, that is, the means of livelihood. If the right to livelihood is not treated as a part of the constitutional right to life, the easiest way of depriving a person of his right to life would be to deprive him of his means of livelihood to the point of abrogation. Such deprivation would not only denude the life of its effective content and meaningfulness but it would make life impossible to live. And yet, such deprivation would not have to be in accordance with the procedure established...
wrongful life
wrongful life : a malpractice claim brought by or on behalf of a child born with a birth defect alleging that he or she would never have been born if not for the negligent advice or treatment provided to the parents by a physician or health-care provider ;also : the life or injury at issue in such a claim [recovery for wrongful life] NOTE: Wrongful life claims have usually been rejected by the courts. The injury is not the birth defect, but the life itself, and courts are reluctant to declare life an injury. A specific calculation of damages for wrongful life would entail affixing a monetary value to the difference between life in an impaired state and nonexistence. There is no legally established right not to be born. ...
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