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Loss - Law Dictionary Search Results

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hedging

hedging : the practice of engaging in offsetting financial transactions to reduce losses

liability

individual's property or as a result of the individual's activities premises liability : liability arising from injuries or losses occurring on one's premises primary liability : liability imposed directly on a person because of his or her

risk based capital

risk based capital an amount of capital needed to offset losses during a ten-year period with adverse circumstances. Source: U.S. Department of Housing and Urban Development

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life insurance

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 universal life insurance : universal life insurance that includes the investment component

mitigate

crime] see also mitigation of damages compare aggravate vi : to lessen or minimize the severity of one's losses or damage [a failure to ] mit·i·ga·tion [mi-tə-gā-shən] n mit·i·ga·tive [mi-tə-gā-tiv] adj

mitigation of damages

doctrine in tort and contract law: a person injured by another is required to mitigate his or her losses resulting from the injury [whether the patient shares any fault and whether the patient has satisfied the requirements

mortgage insurance

mortgage insurance a policy that protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan; mortgage insurance is required primarily for borrowers

no-fault

under which someone injured in an accident is compensated usually up to a stipulated limit for esp. actual losses (as for property damage, medical bills, and lost wages) by that person's own insurer regardless of who is

partnership

jointly own a mining claim and actually engage in extracting minerals with the purpose of sharing profits and losses non·trad·ing partnership : a partnership that is not engaged in the buying and selling of goods called also

passive

business activity in which the investor does not have immediate control over the income-producing activity [ income] [ losses] NOTE: Any rental activity is designated a passive activity under the Internal Revenue Code. Investment income is not

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