pro rata clause — n: a clause in an insurance policy limiting an insurer s liability for a loss to a proportionate share in relation to coverage collectible from other insurers for the same loss – called also pro rata liability clause, standard other insurance… … Law dictionary
pro rata — /prow reyta/ Proportionately; according to a certain rate, percentage, or proportion. According to measure, interest, or liability. According to a certain rule or proportion. For example, if a corporation has ten shareholders each of whom owns… … Black's law dictionary
standard other insurance clause — standard oth·er insurance clause n: pro rata clause Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
proportionate recovery clause — Same as pro rata clause … Ballentine's law dictionary
escalation clause — USA escalation clause, Also known as a stop clause or participation clause. In a commercial lease, a provision that requires the tenant to pay its pro rata share of increases in building costs, such as real estate taxes and operating expenses.… … Law dictionary
stop clause — USA escalation clause, Also known as a stop clause or participation clause. In a commercial lease, a provision that requires the tenant to pay its pro rata share of increases in building costs, such as real estate taxes and operating expenses.… … Law dictionary
participation clause — USA escalation clause, Also known as a stop clause or participation clause. In a commercial lease, a provision that requires the tenant to pay its pro rata share of increases in building costs, such as real estate taxes and operating expenses.… … Law dictionary
Cancellation Provision Clause — It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its expiration date. Life insurance policies do not contain cancellation… … Investment dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
