In insurance law; the danger or hazard of a loss of the property insured; the casualty contemplated in a contract of insurance; the degree of hazard; and, colloquially, the specific house, factory, ship, etc., covered by the policy. Risks of navigation. It is held that this term is not the equivalent of "perils of navigation," but is of more comprehensive import than the … [Read more...]
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TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.