first policy year. Insurance. The first year of a life-insurance policy that is to be automatically renewed annually. • This statutory phrase prohibits an insurer from using the policy’s suicide exclusion as a defense — and refusing payment on the policy — when an insured commits suicide after the first year of the policy. The […]
criminal sexual conduct in the first degree. See FIRST-DEGREE SEXUAL CONDUCT.
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first-to-file rule. Civil procedure. 1. The principle that, when two suits are brought by the same parties, regarding the same issues, in two courts of proper jurisdiction, the court that first acquires jurisdiction usu. retains the suit, to the exclusion of the other court. • The court with the second-filed suit ordinarily stays proceedings or
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upon the failure of heirs 因没有继承人 指并不根据血统或遗赠而取得继承权的继承人。
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next-in, first-out. A method of inventory valuation (but not a generally accepted accounting principle) whereby the cost of goods is based on their replacement cost rather than their actual cost. — Abbr. NIFO. Cf. FIRST-IN, FIRST-OUT ; LAST-IN, FIRST-OUT.
first meeting. Archaic. Criminal law. The first contact between a killer and a victim after the killer has been informed of the victim’s insulting words or conduct that provoked the killing. • If the killing occurred during the first meeting, a murder charge could be reduced to manslaughter. See HEAT OF PASSION.