Ex parte

Category: Terms and Phrases

What It Is:An action taken on behalf of someone else, often seen in legal contexts. The Story:Sarah filed an “ex parte” motion in court on behalf...

Ex gratia

Category: Terms and Phrases

What It Is:A voluntary gift or favor without obligation. The Story:After a minor inconvenience at the hotel, Mary received an “ex gratia” spa...

Bona fide

Category: Terms and Phrases

What It Is:“In good faith.” Trust that parties have genuine intentions without hidden motives. The Story:Linda sold her old guitar to a stranger...

Ab initio (ab init)

Category: Terms and Phrases

What It Is:“From the beginning,” referring to contracts that are deemed void from their start. The Story:John signed a long-term lease. Later, due...

Motor Tariff

Category: Terms and Phrases

What It Is:A regulatory standard defining the rules, guidelines, and pricing structures for motor insurance policies to ensure fairness and consistency across...

Personal Injury Protection (PIP)

Category: Terms and Phrases

What It Is:Also known as “no-fault” coverage, it covers medical expenses and sometimes even lost wages for you and your passengers, irrespective of who is...

No-Claims Bonus (NCB) or No-Claims Discount (NCD)

Category: Terms and Phrases

What It Is:A rewarding system offering you a discount on your premium for each year without a claim, encouraging safe driving habits. The Story:Sarah has...

Liability Coverage

Category: Terms and Phrases

What It Is:A mandatory coverage that takes care of the costs if you injure someone or damage their property in an accident where you are at fault. The...

Excess Cover

Category: Terms and Phrases

What It Is: Excess cover is the amount you must pay towards the overall cost of an insurance claim. It is only applied in cases where the policyholder is at...

The Uninsured

Category: Terms and Phrases

What It Is: Being uninsured means lacking coverage for certain risks or entirely. The Story: Driving without auto insurance, Max faced hefty fines when caught,...

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