Judgment By Default

Definition of "Judgment by default"

Decision in the absence of a plaintiff or defendant at the specified court time.

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Marital Trust

Trust that qualifies assets under the marital deduction provision in the Federal Tax Code for favora ...

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Individual to whom rights to a benefit are assigned. A life insurance policy is assigned by the coll ...

Funded Cover

Transaction in which the ceding company pays a premium and is guaranteed certain future payments to ...

Safe Burglary Insurance

Coverage against a loss resulting from the forcible entry of a safe. In order for this coverage to b ...

Contour

A line on a map or drawing showing equal ground elevation points. See also contour map. ...

Triple Protection

Combination life insurance policy consisting of ordinary life and double the amount of term life. Sh ...

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