The right to all which one's own property produces, whether that property be movable or immovable; and the right to that which is united to it by accession, either naturally or artificially. 2 Kent, 360; 2 Bl. Comm. 404. A principle derived from the civil law, by which the owner of property becomes entitled to all which it produces, and to all that is added or united to it, … [Read more...] about ACCESSION
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ACCIDENTAL DEATH BENEFIT
A benefit or payment to an insurance policy beneficiary that results the accidental death of the insured person under the policy. … [Read more...] about ACCIDENTAL DEATH BENEFIT
ACCEPTABLE RISK
The level or risk that is deemed acceptable for a particular action. … [Read more...] about ACCEPTABLE RISK
ACCESSION, DEED OF
In Scotch law. A deed executed by the creditors of a bankrupt or insolvent debtor, by which they approve of a trust given by their debtor for the general behoof, and bind themselves to concur in the plans proposed for extricating his affairs. Bell, Diet. Accessorinan non ducit, sed loquitur smun principale. Co. Litt. 152. That which is the accessory or incident does not lead, … [Read more...] about ACCESSION, DEED OF
ACCIDENTAL DEATH CLAUSE
See double indemnity and triple indemnity. A clause in a life insurance policy which pays the policy beneficiary multiple times the ordinary amount the policy pays as a result of the death of an insured person as a result of an accident. … [Read more...] about ACCIDENTAL DEATH CLAUSE