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Life-assurance
Life-assuranceAn insurance of a life, upon the payment of a premium; this may be for the whole life, or for a limited time. On the death of the person whose life has been insured, during the time for which it is insured, the insurer is bound to pay to the insured. the money agreed upon. RELATED TERMS-------------------------------------- Insurance Contracts. It is defined to be a contract of indemnity from loss or damage arising upon an uncertain event. Life The aggregate of the animal functions which resist death. Bichat. Payment 1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country. Premium Contracts. The consideration paid by the insured to the insurer for making an insurance. It is so called because it is paid primo, or before the contract shall take effect. Time Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions. Death Cessation of life; extinction of political existence. Person This word is applied to men, women and children, who are called natural persons. Insured Contracts. The person who procures an insurance on his property. Insurer Contracts. One who has obliged himself to insure the safety of another's property, in consideration of a premium paid, or secured to be paid, to him. Money Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money. SIMILAR TERMS-------------------------------------- Life The aggregate of the animal functions which resist death. Bichat. Life annuity An annual income to be paid during the continuance of a particular life. Life estate A right to use and to enjoy land and/or structures on land only for the life of the life tenant. The estate reverts back to the grantor (or to some other person), at the death of the person to whom it is given. A property right to last only for the life of the life tenant is called the estate "pur sa vie." If it is for the duration of the life of a third party, it is called an estate "pur autre vie". The rights of the life tenant are restricted to conduct which does not permanently change the land or structures upon it. Life imprisonment A sentence to serve prison for the rest of one's life. Although illegal in most civilized countries, it still exists in many third world and undemocratic countries, and in some US states (just like capital punishment). Life on the Installment Plan (LIP) In the US penitentiary slang, serving an effective life sentence through a series of lesser terms. Life tenant The beneficiary of a life estate. Life-rent Scotch law. A right to use and enjoy a thing during life, the substance of it being preserved. A life-rent cannot, therefore, be constituted upon things which perish in the use; and though it may upon subjects which gradually wear out by time, as household furniture, &c., yet it is generally applied to heritable subjects. Life-rents are divided into conventional and legal. Lifer In the US penitentiary slang, a prisoner serving a life sentence. Lifestyle changes A possible indicator of theft is the sudden change in lifestyle such as exhibiting more than usual wealth. PREVIOUS AND NEXT TERMS-------------------------------------- Lieutenant This word has now a narrower meaning than it formerly had; its true meaning is a deputy, a substitute, from the French lieu, (place or post) and tenant (holder). Among civil officers we have lieutenant governors, who in certain cases perform the duties of governors; (vide, the names of the several states,) lieutenants of police, &c. Among military men, lieutenant general was formerly the title of a commanding general, but now it signifies the degree above major general. Lieutenant colonel, is the officer between the colonel and the major. Lieutenant simply signifies the officer next below a captain. In the navy, a lieutenant is the second officer next in command to the captain of a ship. Life The aggregate of the animal functions which resist death. Bichat. Life annuity An annual income to be paid during the continuance of a particular life. Life estate A right to use and to enjoy land and/or structures on land only for the life of the life tenant. The estate reverts back to the grantor (or to some other person), at the death of the person to whom it is given. A property right to last only for the life of the life tenant is called the estate "pur sa vie." If it is for the duration of the life of a third party, it is called an estate "pur autre vie". The rights of the life tenant are restricted to conduct which does not permanently change the land or structures upon it. Life tenant The beneficiary of a life estate. Life-assurance Life-rent Scotch law. A right to use and enjoy a thing during life, the substance of it being preserved. A life-rent cannot, therefore, be constituted upon things which perish in the use; and though it may upon subjects which gradually wear out by time, as household furniture, &c., yet it is generally applied to heritable subjects. Life-rents are divided into conventional and legal. Lifestyle changes A possible indicator of theft is the sudden change in lifestyle such as exhibiting more than usual wealth. Ligan Ligan or lagan. Goods cast into the sea tied to a buoy, so that they may be found again by the owners, are so denominated. When goods are cast into the sea in storms or shipwrecks, and remain there without coming to land, they are distinguished by the barbarous names of jetsam, flotsam, and ligan. Ligeance The true and faithful obedience of a subject to his sovereign, of a citizen to his government. It signifies also the territory of a soverqign. Lighterman The owner or manager of a lighter. A lighterman is considered as a common Carrier. 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