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Today's Terms
Summons
Definition:
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.
Uninsured Motorist Coverage (UMC)
Definition:
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Replacement Cost
Definition:
Replacement cost is the cost of replacing lost or damaged property with new property of like kind and quality, at current market prices.
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