no fault compensation

  

Definition

Legal rule in some jurisdictions (such as New Zealand) that an aggrieved party is entitled to compensation without having to prove any other party was at fault in an accident. Workmen's compensation is also a type of no-fault compensation. See also no fault law.

Related Videos




http://www.businessdictionary.com/definition/no-fault-compensation.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z