Loan/Lease Payoff Coverage
Also called Gap Insurance, Loan/Lease Payoff Coverage covers the difference between how much an insurer will pay on a lost, stolen, or totalled vehicle, and how much the insured person still owes
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Also called Gap Insurance, Loan/Lease Payoff Coverage covers the difference between how much an insurer will pay on a lost, stolen, or totalled vehicle, and how much the insured person still owes
Members of the same household who do not drive an insured vehicle.
A bank, person, or other entity having a financial interest (such as a loan) in a vehicle.
Acquiring a vehicle from a dealer or leasing company under a contract, requiring the lessee to pay periodic payments for a specified period of time.
When an insurance policy is terminated or cancelled, and a replacement policy has not been obtained.
the term used when something is legally sufficient and makes a contract binding.
a term used to describe a case of importance that it will establish a new law and set new precedents.
a term given to a legal document, a will or a deed that seems to be clear but contains certain ambiguities.
a Latin phrase meaning a slip of the tongue.
the term that applies to a court sanctioned agreement for a husband and wife that details their obligations while living apart.
a term that means that something has been decided by a law process.
a phrase that means life before birth where the foetus is in its 5th or 6th month and is possible to live after birth.
the term used when a person who has committed a major criminal act and is not allowed to vote.
a Latin phrase for the place where a crime was committed.
the term used to signify that a child has been adopted in accordance with the state laws.
the name given to a certificate that is issued by a clearing house to one of its banks.
the name given to the levy that is placed on the owner of real estate that is based on the value of the land.
a term used for the statement from a tax official to a tax payer giving the interpretation of tax laws.
the term applied to an appeal from a certain part of a decree or a judgement and not from the entire decree.
the term that is used when a person leaves the site of an accident without first checking to see if people are ok.