Loss - Law Dictionary Search Results
special forbearance
special forbearance a loss mitigation option where the lender arranges a revised repayment plan for the borrower that may include a temporary
speculative risk
speculative risk : a risk that may result in either a loss or a gain compare pure risk
Distress
pain or suffering anguish of body or mind as to suffer distress from the gout or from the loss of friends
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subrogation
debtor or obligor ;also : a doctrine holding that when an insurance company pays an insured's claim of loss due to another's tort the insurer succeeds to the insured's rights (as the right to sue for damages)
subsurety
subsurety : one who is a surety along with another surety who may be liable for the entire loss upon the default of the principal
wash sale
a sale of securities within 30 days before or after the purchase of substantially identical securities NOTE: Any loss from such a sale is not deductible for most taxpayers under the Internal Revenue Code.
sue-and-labor clause
marine insurance contracts by which the insured agrees to take steps necessary to safeguard the covered property from loss or to minimize losses that occur and the insurer agrees to pay for the reasonable costs of such
temporary partial disability (tpd)
will recover fully enough in the future that they will be able to resume employment without a wage loss.
temporary total disability (ttd)
working. In some states, if the employee must return to work at partial hours or at a wage loss while his disability resolves he may be entitled to payment of TPD benefits after receiving TTD benefits.
title insurance
title insurance : insurance that compensates for loss from title defects or encumbrances (as liens) that were unknown but should have been discovered at the time
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