Policy Reserve - Law Dictionary Search Results
policy reserve
Matched in: Term policy reserve
reserve
Matched in: Term reserve
Banking policy
Matched in: Term Banking policy
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net valuation premium
net valuation premium : a premium for a life insurance policy set after a determination of the amount needed to cover liabilities and maintain policy reserves … a life insurance policy set after a determination of the amount needed to cover liabilities and maintain policy reserves
cash surrender value
value : the amount of money an insurer will pay the insured upon surrender of a life insurance policy usually calculated as the reserve held by the insurer against the policy less a charge for surrender and
Collective responsibility
Is the responsibility of a number of individuals acting together, responsibility of a Cabinet to Parliament, for the policy of the administration, Commentary on the Constitution of India, Durga Das Basu, Vol. E, 6th Edn., p. 391. … that when a decision is taken by the cabinet, every minister has to stared by it without any reservation; it is ensured by the enforcement of principles, namely that no person is nominated to the Council of
abstention
staying of the exercise of federal jurisdiction in a case that involves a question of state law or policy which the federal court prefers to have resolved by a state court or agency Bur·ford abstention [bər-fərd-] : … be determined by the federal court NOTE: A party to a case subjected to a Pullman abstention may reserve the right to return to federal court once the state court has resolved the state law question. Pullman
bank
an insolvent bank until it is sold central bank : a national bank that establishes monetary and fiscal policy and controls the money supply and interest rate collecting bank : a bank other than the payor bank … the Farm Credit Administration Federal Re·serve bank : one of 12 central banks set up under the Federal Reserve Act to hold reserves for and extend credit to affiliated banks in their respective districts intermediary bank :
Trust
a trust, which equity will carry 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 qui h'ret in litera h'ret in … wills to limitations of personalty, and s. 130 (1), which apparently directs that limitations in tail (without any reservation or qualification for the case of executory instruments or wills) must follow the precise form of legal limitations
Uses
of ordering property, it intro-duced a great many unforeseen inconveniences, and subverted in many instances the institution and policy of the Common Law. 'Firstly. Estates passed by way of use, from one to another, by bare words … in any statute or other instrument requiring land to be conveyed to uses shall (subject to creating or reserving there out any legal estate authorized by the L.P. Act which may be required) be conveyed to a
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