Glossary beginning with V | IFFCO Tokio General Insurance Company in India

Glossary beginning with V

Valuationsearch for term

Estimation of the value of an item, usually by appraisal

Valued Policysearch for term

An insurance contract in which the value of the thing insured and the amount to be paid in case of total loss is settled at the time of making the policy

Vicarious Liabilitysearch for term

In law, liability arising out of imputed negligence

Voidsearch for term

Of no force or effect: null

Void Contractsearch for term

A contract obtained by fraud is a void contract

Voidable Contractsearch for term

A contract, which is valid until it is treated as void by the aggrieved party, is a voidable contract

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