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nonwaiver agreement

nonwaiver agreement. Insurance. A contract (supplementing a liability-insurance policy) in which the insured acknowledges that the insurer’s investigation or defense of a claim against the insured does not waive the insurer’s right to contest coverage later. Cf. RESERVATION-OF-RIGHTS LETTER. [Cases: Insurance 3120. C.J.S. Insurance § 824.]

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board of green cloth

Board of Green Cloth. Hist. A group of persons responsible for governing the royal-household staff, esp. in financial matters such as accounting for expenses and paying servants’ wages. • The Board consisted of the Lord Steward and inferior officers, and its name derived from the green cloth that covered the table used by the Board

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greenback

greenback, n. Slang. A legal-tender note of the United States; any note issued by a federal reserve bank. • The term was coined in 1862 when the backs of American paper currency were first printed in green ink.

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