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Time Interest

Defined in 1 dictionary — Black's (1891)

A Dictionary of Law

Henry Campbell Black · 1891

INTEREST OR NO INTER4ST. ‘These words, inserted in an insurance poliey, mean that the question whether the insured has or has not an insurable interest in the subject-matter is waived, and the policy isto be good irrespective of such interest. ‘The effect of such a clause is to make it a zoager policy.