Claim

  • 3 Posts
  • 1 Sections
  • 1 Types
August 25, 2024 3 min read Definitions
Chose in Action: Legal Claim or Debt
Law Finance Legal Term Claim Debt Lawsuit Recovery
A Chose in Action is a personal right to sue for recovery, becoming a possessory asset upon the successful completion of a lawsuit.
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August 25, 2024 4 min read Definitions
Claim: Request for Indemnification by an Insurance Company
Insurance Finance Insurance Indemnification Claim Insured Loss
A Claim is a formal request by an insured party seeking indemnification for a loss incurred due to a covered peril under the terms of an insurance policy.
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August 24, 2024 3 min read Definitions
Estoppel: Legal Defense Against Contradictory Claims
Law Legal Principles Estoppel Legal-Defense Agreement Claim Law
Estoppel is a legal defense tool used when someone reneges on or contradicts a previous agreement or claim.
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