Earned Premium
If an insured person pays for a policy in advance, the “earned” premium is the portion of the policy that has already been used.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
If an insured person pays for a policy in advance, the “earned” premium is the portion of the policy that has already been used.
the act or the performance on which a bond is conditioned or the conditions of the bond.
This a case where the defendant has done no wrong but injuries and damages have been the result of an action.
a personal right that is recognised by a court of equity.
a term that refers to a death that was not caused by any natural means.
a form of income tax that is calculated on the profits that are greater than a percentage of the invested capital.
This term applies to a debt that exists but is not due for payment as yet.
the term that is used when a unlawful offence has been done by an officer and he is removed from that office.
the phrase that means that a legal document has been signed, sealed and notarised.
the bar that will deny something that is sworn to under oath in a previous suit in future suit.
a Latin phrase that is the motto of the USA and states: Out of many, one or more commonly One for all and all for one.
This occurs when a case is heard by the right jurisdiction but the judge then exceeds his jurisdiction when giving judgement.
This phrase is found new laws and indicates which legislative body voted for the statute.
The term applied to a trust or an interest that will arise at a time in the future.
This term is applied to the estimated income tax that is based on the earnings expected and not that already earn.
a term where a person will not be served a summons or a subpoenas while he is performing a public duty.
the term for having the sole power.
This when another person’s property has been used for a long period of time and is not obtained legally but by custom.
The bar that stops the litigation of facts that have already been determined.
This concerns the operation of laws outside the boundary of a state or country.
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