A subset of the legal risk; contract risk refers to the risk that losses may be incurred by an entity...

The overall risk that consists of multiple types of risk relating to an entity's failure to comply with statutory or...

In legal context, merit (in singular form) or merits (in plural form) may have multiple meanings. Merit means a valid...

Latin for towards the same (literally, meeting of the minds. Also referred to as mutual agreement, mutual assent or simply...

Latin for towards the same (literally, meeting of the minds. Also referred to as mutual agreement, mutual assent or consensus...

A demand (claim) for an amount of money that is not fixed or established at the time of claim. It...

A demand (claim) for a fixed amount of money, such as an established debt of $1,000. A liquidated demand is...

Adjustment has many meanings in multiple contexts. In relation to insurance, it is the determination of the amount due for...

A type of economic loss/ financial loss that only reflects financial damage sustained as a result of the negligence of...

A type of loss that results from physical damage to property/ assets, which is recoverable under normal situations. The claimant,...