Lat He undertook; he promised. A promise or engagement by which one person assumes or undertakes to do some act or pay something to another. It may be either oral […]

The act or agreement of assuming or taking upon one’s self; the undertaking or adoption of a debt or obligation primarily resting upon another, as where the purchaser of real […]

When an insurance policy has something added to it to protect the holder if they are insolvent. The reinsurer must pay the holder directly. The middle man is taken out […]

A change a lender puts on a buyer of property. This person assumes the mortgage. Refer to assumption of mortgage .

the agreement of one person who will pay the debts of another person.

A contract when a buyer takes responsibilty for payments to save closing costs or interest rates. The original party is secondarily responsible unless released.

A term or condition in a contract of employment , either express or implied from the circumstances of the employment, by which the employ^ agrees that dangers of injury ordinarily […]

A REINSURANCE mechanism where a REINSURER assumes the CEDING INSURER

The cause and effect connection that is accepted. It is used in simulations. It can be dangerous if accepted without any real world proof. Refer to critical thinking and rule […]

In conveyancing . A deed or instrument of conveyance. The legal evidences of the transfer of property are in England called the ” common assurances ” of the kingdom, whereby […]

A person who has been Insured by some insurance company, or underwriter , against losses or perils mentioned in the policy of insurance . Brockway v. Insurance Co. (C. C.) […]

When a tenant pays an open rent rate. The rules are a landlord cannot reposess property unless certain rules are broken, rent is raised at market level with a cap, […]

An insurer against certain perils and dangers; an underwriter ; an indemnifier.

In Scotch law. Damages awarded to the relative of a murdered person from the guilty party, who has not been convicted and punished. Paters. Comp.

The star symbol that indicates a foot note or end note has additional information . Refer to star paging .

An unexpected event that deeply affects a business. The business is not ready for this.

A mutual agreement, assent, and consent between parties; also a witness or record.

An heir apparent who has been placed, by conveyance, in possession of his ancestor’s estate during such ancestor’s life-time. Co. Litt 8.

An arraignment , (

In old English law . A householder ; belonging to the house; a person in actual possession of a house.

In old English law . A householder , or occupant of a house or hearth.

In Scotch law. To assign to a particular mill.

A servitude by which grain growing on certain lands or brought within them must be carried to a certain mill to be ground, a certain multure or price being paid […]

In Saxon law. A penalty for a wrong done by one in the king’s peace. The offender was to replace the damage twofold. Spelman.

The period of twenty- four hours beginning and ending at noon.