common disaster clause

common-disaster clause. A provision in a dispositive instrument, such as an insurance policy or a will, that seeks to cover the situation in which the transferor and transferee die in a common disaster. [Cases: Insurance 3485; Wills 543. C.J.S. Insurance § 1428; Wills § 1034.]

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词条贡献者

资深译员Calvin，毕业于亚洲一流的高级翻译学院，擅长翻译各类与复杂技术交易相关的法律文件。