the agreement between a trustee and the insured person where the proceeds from a life policy are paid to the trustee.

A bond that manages insurable risk by placing it in capital markets. Refer to catastrophe bond , life acquisition cost securitization , mortgage default securitization , weather bond and residual […]

To engage to indemnify a person against pecuniary loss from specified per- ils. To act as an insurer

The person who obtains insurance on his property, or upon whose life an insurance is effected.

The underwriter or insurance company with whom a contract of insurance is made. The person who undertakes to indemnify another by a contract of insurance is called the “insurer,” and […]

One who participates in an insurrection ; one who opposes the execu- tion of law by force of arms, or who rises in revolt against the constituted authorities . A […]

A rebellion, or rising of citizens or subjects in resistance to their government. See INSURGENT. Insurrection shall consist in any combined resistance to the lawful authority of the state, with […]

In old English law . A kind of thieves Inhabiting Redesdale, on the extreme northern border of England; so called because they took in or received such booties of cattle […]

emporary inclosures made by customary tenants of a manor under a special custom authorizing them to inclose part of the waste until one or more crops have been raised on […]

A nonphysical asset that is usually illiquid. It is also called intangible.

Used chiefly in the law of taxation, this term means such property as has no intrinsic and marketable value, but is merely the representative or evidence of value, such as […]

Lat. Whole; untouched. Res inteyra means a question which is new and undecided. 2 Kent, Comm. 177.

a an agreement where all of the terms are down in writing.

a term that means a lot of people from different races are all brought together without prejudices and discriminations.

As occasionally used in statutes prescribing the qualifications of public officers, trustees, etc., this term means soundness of moral principle and character, as shown by one person dealing with others […]

Interpretare et concordare leges leg- ibus, est optimiis interpretandi modus. I’D interpret, and [in such a way as] to harmonize laws with laws, is the best mode of interpretation . […]

In pleading. The statement of matters of fact directly (excluding the necessity of Inference or argument to arrive at the meaning) and in such appropriate terms, so arranged, as to […]

Habitual intemperance is that degree of intemperance from the use of intoxicating drinks which disqualifies the person a great portion of the time from properly attending to business, or which […]

To design, resolve, purpose. To apply a rule of law in the nature of pre- sumption ; to discern and follow the probabilities of like cases.

One who has the charge, management, or direction of some office, de- partment, or public business. Used in the constitutional and statutory law of some European governments to designate a […]

This phrase is frequently used in conveyances, when reciting some other conveyance which has not yet been recorded, but which forms a link in the chain of title . In […]

In Spanish law. The immediate agent of the minister of finance, or the chief and principal director of the different branches of the revenue, appointed in the various departments in […]

The true meaning, the correct understanding or intention of the law; a presumption or inference made by the courts. Co. Litt. 78.

When a company estimates failure rate to predict default. Structural or markto market models are ways to do this.

1. In criminal law and the law of evidence . Purpose; formulated design ; a resolve to do or forbear a particular act; aim; determination . In its literal sense, […]