repressed-memory syndrome. A memory disorder characterized by an intermittent and extensive inability to recall important personal information, usu. following or concerning a traumatic or highly stressful occurrence, when the memory lapses cannot be dismissed as normal forgetfulness. • The theoretical basis for this syndrome was proposed by Sigmund Freud in 1895. The American Psychiatric Association […]
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odd-lot, adj. Of, relating to, or designating a worker who is so substantially disabled as to be unable to find stable employment in the ordinary labor market, and thus is considered totally disabled and entitled to workers’-compensation benefits under the odd-lot doctrine (an odd-lot worker who could find only sporadic employment). [Cases: Workers’ Compensation 847.
net asset value. The market value of a share in a mutual fund, computed by deducting any liabilities of the fund from its total assets and dividing the difference by the number of outstanding fund shares. — Abbr. NAV. — Also termed asset value. See MUTUAL FUND.
Additional things of value to be provided under the terms of a contract, usu. unspecified in the contract, deed, or bill of sale, because they are too numerous to conveniently list, or to avoid public knowledge of the total amount of consideration. — Also termed other good and valuable consideration.
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Lloyd’s of London. Insurance. 1. A London insurance mart where individual underwriters gather to quote rates and write insurance on a wide variety of risks. 2. A voluntary association of merchants, shipowners, underwriters, and brokers formed not to write policies but instead to issue a notice of an endeavor to members who may individually underwrite
marine rule. The doctrine that if the cost of restoring damaged property would exceed one-half the value of the property before the damage, then the property is deemed to be totally destroyed. • The marine rule developed in the context of applying marine insurance to damaged ships, but it has also been applied to other
An investment account for which the investor, helped by a stockbroker, selects an account manager and pays a fee based on a percentage of the total assets to be managed. • Most wrap accounts contain a portfolio of investments, including stocks, bonds, and cash. Investors generally provide a risk profile but do not select the
apportionment clause. Insurance. A policy provision that distributes insurance proceeds in proportion to the total coverage. [Cases: Insurance 2193. C.J.S. Insurance § 1117.]
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bellum justum (bel-[schwa]m j[schwa]s-t[schwa]m). [Latin] Int’l law. A just war; one that the proponent considers morally and legally justifiable, such as a war against an aggressive, totalitarian regime. • Under Roman law, before war could be declared, the fetiales (a group of priests who monitored international treaties) had to certify to the Senate that just