Risk - Law Dictionary Search Results
Marine insurance business
whatever description insured for any transit by land or water, or both, and whether or not including warehouse risks or similar risks in addition or as incidental to such transit, and includes any other risks customarily included
credit score
on time. Scores range from about 360 - 840: a lower score meaning a person is a higher risk, while a higher score means that there is less risk. Source: U.S. Department of Housing and Urban Development
Hire
(1) if the work is independent of any materials or property of the employer, the manufacturer has the risk, and the unfinished work is lost to him; (2) if he is employed in working up the material,
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abnormally dangerous activity
activity esp. that is not common in or appropriate to an area, that creates a high degree of risk of harm to someone or something despite the exercise of due care, and whose value to the community
coinsurance
coinsurance 1 : joint assumption of risk (as by two underwriters) with another 2 : insurance (as fire insurance) in which the insured is obligated
Signature
73), a guarantee and other documents mentioned in the Statute of Frauds (see FRAUDS, STATUTE OF), and a risk note within the meaning of the seventh s. of the Railway and Canal Traffic Act, 1854 (see RISK
Reckless
wanton Black's Law Dictionary (Fourth Edn.) at p. 1773. Reckless, Characterized by creation of a substantial and unjustifiable risk of harm to others and by a conscious (and sometimes deliberate) disregard for or indifference to that risk,
Policy of group insurance
(b) includes any insurance of goods, merchandise or property for any transit which includes, not only a sea risk within the meaning of clause (a), but also any other risk incidental to the transit insured from the
Letter of cover
that word in the trade. It is well known that in order to obtain an insurance against the risk of fire the assured has first to send a proposal to the insurer and then the insurer takes
Implicata
Implicata [Ital.]. In order to avoid the risk of making fruitless voyages, merchants have been in the habit of receiving small adventures on freight at so
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