Juridical Dictionary

This dictionary contains:
8526
juridical terms

Liability policy






Liability policy

As opposed to an indemnity policy, the liability policy covers the insured against his responsibility and does not require that he have first paid the claim.

RELATED TERMS
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Indemnity
That which is given to a person to prevent his suffering damage. Sometimes it signifies diminution; a tenant who has been interrupted in the enjoyment of his lease may require an indemnity from the lessor, that is, a reduction of his rent.

Liability
A person or organization's extent of responsibility for a loss. An item of value that is part of the overall debt or obligation of a person or business.

Insured
Contracts. The person who procures an insurance on his property.

Responsibility
The obligation to answer for an act done, and to repair any injury it may have caused

Claim
A demand for resolution or remedy of a grievance, or for something that is rightly the claimant's. Example: A demand for payment to recover a loss protected by an insurance policy. A demand in a court of law filed by a claimant on any juridical issue he / she considers.



SIMILAR TERMS
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Liability
A person or organization's extent of responsibility for a loss. An item of value that is part of the overall debt or obligation of a person or business.

Liability.
Responsibility; the state of one who is bound in law and justice to do sometbing which may be enforced by action. This liability may arise from contracts either express or implied, or in consequence of torts committed.

Liable
Legally responsible.



PREVIOUS AND NEXT TERMS
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Lex talionis
The law of retaliation an example of which is given in the law of Moses, an eye for an eye, a tooth for a tooth, &c.

Lex terae
The law of the land. The phrase is used to distinguisb this from the civil or Roman law.

Lex terrę
The law of the land.

Lex vigilantibus favet
The law sustains the watchful.

Ley-gager
Wager of Law.

Liability policy

Liability.
Responsibility; the state of one who is bound in law and justice to do sometbing which may be enforced by action. This liability may arise from contracts either express or implied, or in consequence of torts committed.

Liable
Legally responsible.

Libel
1) Practice. A libel has been defined to be "the plaintiff's petition or allegation, made and exhibited in a judicial process, with some solemnity of law;" it is also, said to be "a short and well ordered writing, setting forth in a clear manner, as well to the judge as to the defendant, the plaintiff's or accuser's intention in judgment." It is a written statement by a plaintiff, of his cause of action, and of the relief he seeks to obtain in a suit. Law's Ecclesiastic. 2) Libellus, criminal law. A malicious defamation expressed either in printing or writing, or by signs or pictures, tending to blacken the memory of one who is dead, with intent to provoke the living; or the reputation of one who is alive, and to expose him to public hatred, contempt, or ridicule.

Libel of accusation
A term used in Scotland to designate the instrument which contains the charge against a person accused of a crime. Libels are of two kinds, namely, indictments and crimiual letters.

Libelant
The person who institutes proceedings in an ecclesiastical court, in a court of divorce, or in admiralty.

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This dictionary contains 8526 terms.