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LSDefine

Simple English definitions for legal terms

restaur

Read a random definition: attendant term

A quick definition of restaur:

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.

A more thorough explanation:

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.

  • Example 1: If a ship sinks and the loss is covered by multiple insurers, the insurers will have to determine their liability based on the date of their insurance. The insurer who provided coverage first will have the first right to claim against the other insurers. This is an example of restaur.
  • Example 2: If a ship's master is found to be negligent and the ship incurs a loss, the marine insurer can claim against the master for the loss. This is another example of restaur.
  • Example 3: A person who has guaranteed the payment of a loan can be held liable if the borrower defaults on the loan. In this case, the lender can claim against the guarantor for the amount due. This is also an example of restaur.

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.

restater | restitutio in integrum

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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