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Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.
An independent clause realises a speech act such as a statement, a question, a command or an offer. A non-independent clause does not realise any act. A non-independent clause (simplex or complex) is usually logically related to other non-independent clauses. Together, they usually constitute a single independent clause (complex).
A form of what is now called general average was included in the Lex Rhodia, the Rhodes Maritime Code of c. 800 BC. [4] Julius Paulus quoted from the law around the turn of the 3rd century, and these quotes are preserved, and an excerpt is included in Justinian's 6th-century Digest of Justinian (part of the Corpus Juris Civilis), although the Lex Rhodia is itself now lost.
In language, a clause is a constituent or phrase that comprises a semantic predicand (expressed or not) and a semantic predicate. [1] A typical clause consists of a subject and a syntactic predicate, [2] the latter typically a verb phrase composed of a verb with or without any objects and other modifiers.
The clause is added to your policy (at your expense) and is usually a prerequisite to mortgage approval. If the mortgaged property is substantially damaged or destroyed, the mortgagee clause ...
The adverbial clause describes when and where the action of the main clause, I had only two things on my mind, took place. A relative clause is a dependent clause that modifies a noun or noun phrase in the independent clause. In other words, the relative clause functions similar to an adjective. Let him who has been deceived complain.
Average – is the situation in which the insured has under-insured, i.e., insured an item for less than it is worth. Average will apply to reduce the claim amount payable. An average adjuster is a marine claims specialist responsible for adjusting and providing the general average statement. An Average Adjuster in North America is a 'member of ...
The average interest rate was over 20% in November. When it comes to credit card debt, your great aunt may want to budget in at least the minimum monthly payment to avoid going to collection.