Owner S Policy - Law Dictionary Search Results
owner's policy
Matched in: Term owner's policy
Insurance
Insurance, see, Income-tax Act, 1961 (43 of 1961), s. 80C, Expl. 1. Insurance, the act of providing against a possible … the probability that it is clear gain. The instrument by which the contract is made is called a policy; the stipulated consideration, a premium. As to what is known as a coupon policy, i.e., a coupon cut
binder
contract that provides coverage until the policy is issued 2 : a receipt for money paid to the owner of real estate or to the owner's agent to secure the right to purchase the real estate upon
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barratry
breach of duty by a ship's master or crew that injures the interests of the ship's or cargo's owners often used in marine insurance policies NOTE: Examples of barratry include embezzling cargo, stealing a ship's equipment, or … master or crew that injures the interests of the ship's or cargo's owners often used in marine insurance policies NOTE: Examples of barratry include embezzling cargo, stealing a ship's equipment, or willfully sinking a ship. 2 :
Actus reus
831, 3rd Edn., 1982. The word actus connotes a 'deed', a physical result of human conduct. When criminal policy regards such a deed as sufficiently harmful it prohibits it and seeks to prevent its occurrence by imposing … act i.e. the actus reus for theft is the taking of or unlawful control over property without the owner's consent. Also termed deed of crime; overt act, Black Law Dictionary, 7th Edn., p. 37. The phrase 'deed
Average
storm to lighten the ship. Such loss by maritime law is shared proportionately between the shipowners and the owners of the cargo, according to value. This risk is almost always covered by insurance. An Average Bond is … Average, a medium, a mean proportion used in various senses:- (1) A service which a tenant owes to his lord by doing work with his avers. (2) A … as the meaning of 'warranted free from particular average in marine insurance policies.' As to salvage loss and generally, see tits. 'ADJUSTMENT,' 'INSURANCE' and 'CONSTRUCTIVE
master
: an individual or entity (as a corporation) having control or authority over another: as a : the owner of a slave b : employer compare servant c : principal 2 : an officer of the court … or entity (as a corporation) having control or authority over another: as a : the owner of a slave b : employer compare servant c : principal 2 : an officer of the court appointed (as under … controlling one : governing a number of subordinate like things [a insurance policy]
Gaming or gambling
8, c. 9, as prohibits bowling, tennis, and other games of mere skill. It also provides that the owner or keeper of any common gaming-house, and every person having the care or management thereof, and also every … or gambling, the playing any game of chance, as cards, dice, etc., for money, or money's worth. The still unrepealed 33 Hen. 8, c. 9, prohibits the keeping of any common house for dice, cards, or any … to gambling on loss by maritime perils, see (English) Marine Insurance (Gambling Policies) Act, 1909. See the (English) Betting and Lotteries Act, 1934 (24 &
Trust
out without regard to form, provided its purpose do not contravene the policy of the law, or the principles governing the rights of property: for … must be seen, Shabbir Husain v. Ashiq Husain, AIR 1929 Oudh 225. Trust, is an obligation annexed to ownership. A trustee holds property 'subject' to an obligation, which the testator has imposed upon him, Mahadeo Ramchandra v. … covering not only the relationship of trustee and beneficiary but also that a bailor and bailee master and servant pledger and pledgee, guardian and ward and all other relations which postulate the existence of fiduciary relationship between
property
that is owned or possessed see also asset, estate, interest, possession abandoned property : property to which the owner has relinquished all rights NOTE: When property is abandoned, the owner gives up the reasonable expectation of privacy … and corporeal existence and intrinsic economic value because of it [the insurance policy restricted property damage coverage to tangible property] compare intangible property in this … property pl: -ties [Anglo-French propreté proprieté, from Latin proprietat- proprietas, from proprius own, particular] 1 : something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest, possession abandoned
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