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Related Definitions
Severability Clauses Severability Clauses are contractual terms stating that every component of the agreement is separate from the others........
Exculpatory Clause The clause in a contract that prevents one entity from liabilities is known as an Exculpatory Clause. It is a contract that protects one entity from being punished...
Habendum Clause The Habendum Clause is a provision in deeds or rental agreements that specifies the lessee privileges, sorts of interests, as well as other legal characteristics.
Alienation Clause Alienation Clause is a property investment contract that asks a debtor to pay off the remainder of their mortgage loan during the trade or business...
Defeasance Clause Defeasance Clause indicates a legal clause or part of a mortgage agreement where the owner of the property can again own it upright once he/she has paid the full amount...
War clause War clause is a restriction in a life insurance policy that excludes payment if the insured dies as a direct result of war.
Suicide clause Suicide clause is a contractual provision in a life insurance policy stating that if the insured commits suicide within two years after the policy is issued, the face amount of insurance will not be paid; only
Reinstatement clause Reinstatement clause is a contractual provision in a life insurance policy that permits the owner to reinstate a lapsed policy within three or five years if certain requirements are fulfilled; for example,
Preexisting-conditions clause Preexisting-conditions clause is contractual provision in a health insurance policy stating that preexisting conditions are not covered or are covered only after the policy has been in force for a specified
Ownership clause Ownership clause is a provision in life insurance policies under which the policyholder possesses all contractual rights in the policy while the
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