loan receipt agreement

loan-receipt agreement. Torts. A settlement agreement by which the defendant lends money to the plaintiff interest-free, the plaintiff not being obligated to repay the loan unless he or she recovers money from other tortfeasors responsible for the same injury. [Cases: Compromise and Settlement 7; Insurance 3524. C.J.S. Compromise and Settlement § 29; Insurance §§ 1465, 1467.]

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词条贡献者

译员Shifang，毕业于国内一流的高级翻译学院，专注翻译各种与员工福利与高管薪酬有关的法律文件。