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  2. Lien waiver - Wikipedia

    en.wikipedia.org/wiki/Lien_waiver

    Owners should demand this release when they are paid in full. Some states allow an Unconditional Release upon final payment that is used to induce the final payment. It is an inherent vagary in the lien release law. In the United States, some states only use a conditional waiver on progress payment and an unconditional waiver on final payment.

  3. Accord and satisfaction - Wikipedia

    en.wikipedia.org/wiki/Accord_and_satisfaction

    The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion. At completion, the homeowner complained about inferior work quality and refused to make the final payment.

  4. What does no-fault state mean? - AOL

    www.aol.com/finance/does-no-fault-state-mean...

    The claim will be handled according to the state’s fault laws. Currently, 12 states follow no-fault insurance laws, with the remaining states and Washington, D.C. being considered at-fault ...

  5. Demand guarantee - Wikipedia

    en.wikipedia.org/wiki/Demand_guarantee

    Major differences distinguish letters of credit from "demand guarantees"; in the latter instrument the obligation to pay is conditioned within the terms of the bank's promise, therefore if the demand guarantee is payable upon the beneficiary's written first demand he is assured payment notwithstanding any defence related to any other underlying ...

  6. Ohio car insurance laws - AOL

    www.aol.com/finance/ohio-car-insurance-laws...

    While no-fault states mean that a driver’s insurance company pays their costs and expenses regardless of who caused the accident, a fault state (like Ohio) means that the at-fault driver’s ...

  7. Conditional release - Wikipedia

    en.wikipedia.org/wiki/Conditional_release

    Conditional release is a method of release from detention that is contingent upon obeying conditions under threat of return to detention under reduced due process protections. [ 1 ] When applicable in the context of post-conviction detention, unconditional release can be a synonym of parole .

  8. CFPB finalizes rule capping overdraft fees at $5 [Video] - AOL

    www.aol.com/finance/cfpb-finalizes-rule-capping...

    The new CFPB regulation would require large banks and credit unions to either charge just $5 for overdrafts or, alternatively, pick an amount no higher than the cost of offering overdraft protection.

  9. Personal injury protection - Wikipedia

    en.wikipedia.org/wiki/Personal_injury_protection

    PIP is sometimes referred to as "no-fault" coverage, because the statutes enacting it are generally known as no-fault laws, and PIP is designed to be paid without regard to "fault," or more properly, legal liability. That is, even if the person seeking PIP coverage caused the accident, they are entitled to make a claim under the PIP portion of ...

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