Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
depends on a
or an uncertain (random)
, and/or (2) under which the sums paid by the parties to each other are unequal. Most insurance policies are aleatory contracts because the
may collect a large
or nothing in
for the premiums paid. From French 'alea,' a
of dice. See also
scope of work
hold harmless c...
You Also Might Like...
Ensure vs. Insure
The usage of ensure vs. insure is very important from a contractual perspective, while they sound very similar they can have very different meanings in a legal context. Insure means to safeguard against loss or damage, typically through the ...
Term Life Insurance vs. Whole Life Insurance
When choosing a life insurance policy two of the main types of plans available are term life insurance and whole life insurance. There are major differences between the two types of policies and this article will assist you with making the choice ...
Lease vs. Rent
When purchasing something is not quite possible (or desired) the option for many individuals and companies comes down to leasing or renting. While both have similarities, getting access to an asset for a limited period, there are significant ...
Be Your Own Boss With No Money Down
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: