Simple English definitions for legal terms
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Restaur: A term used in insurance, especially for marine underwriters, to describe the recourse they have against each other based on the date of their insurance. It can also refer to the recourse that marine insurers have against a ship's master if a loss occurs due to their fault or negligence, or the recourse that one has against a guarantor or other person under a duty to indemnify.
Definition: Restaur (res-tor) refers to the recourse that insurers, especially marine underwriters, have against each other based on the date of their insurance. It can also refer to the recourse that marine insurers have against a ship's master if a loss occurs due to the master's fault or negligence. Additionally, it can refer to the recourse that one has against a guarantor or other person under a duty to indemnify. Restaur is also spelled as restor.
These examples illustrate how restaur works in different scenarios. In each case, there is a party who is liable for a loss, and another party who has the right to claim against them. Restaur helps to determine the order of liability and ensures that the parties involved are held accountable for their actions.