Search Results for: regular term

regular use

Insurance. A use that is usual, normal, or customary, as opposed to an occasional, special, or incidental use. • This term often appears in automobile-insurance policies in the definition of a nonowned automobile — that is, an automobile not owned by or furnished for the regular use of the insured. Nonowned automobiles are excluded from

regular use Read More »

irregular indorsement

An indorsement by a person who signs outside the chain of title and who therefore is neither a holder nor a transferor of the instrument. • An irregular indorser is generally treated as an accommodation party. UCC § 3-205(c). — Also termed anomalous indorsement; full indorsement. See ACCOMMODATION PARTY. [Cases: Bills and Notes 191, 294.

irregular indorsement Read More »

Scroll to Top