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See avails. … [Read more...] about LIFE INSURANCE AVAILS

Goods cast into the sea tied to a buoy, so that they may be found again by the owners, are so denominated. When goods are cast into the sea in storms or shipwrecks, and remain there without coming to land, they are distinguished by the barbarous names of jetsam, flotsam, and ligan. … [Read more...] about LIGAN OR LAGAN

An insurance policy that provides a cash payment to a beneificiary upon the death of the insured. … [Read more...] about LIFE INSURANCE POLICY

Goods cast into the sea tied to a buoy, so that they may be found again by the owners, are so denominated. When goods are cast into the sea in storms or shipwrecks, and remain there, without coming to land, they are distinguished by the barbarous names of "jetsam," "flotsam," and "ligan." 5 Coke, 108; Harg. State Tr. 48; 1 Bl. Comm. 292. … [Read more...] about LIGAN, LAGAN

A person who has an interest in or claim to property until the death of the person who has the interest in the property. … [Read more...] about LIFE INTEREST