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Simple English definitions for legal terms

union-loss clause

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A quick definition of union-loss clause:

Union-Loss Clause: This is a term that refers to a clause in an insurance policy that is similar to the mortgage-loss clause. It is designed to protect the lender's interest in the property in case of damage or loss caused by a union strike or labor dispute. Essentially, it ensures that the lender will be compensated for any losses incurred due to such events.

A more thorough explanation:

A union-loss clause is a provision in an insurance policy that is similar to a mortgage-loss clause. It is designed to protect the interests of a lender or mortgagee in the event of a loss that is caused by a union or labor dispute.

For example, let's say that a manufacturing company has a loan from a bank that is secured by a mortgage on its factory. If the factory is damaged or destroyed by a fire that is caused by a union strike, the bank may not be able to recover the full amount of its loan from the company's insurance policy. However, if the policy includes a union-loss clause, the bank may be able to recover the full amount of its loan from the insurance company.

The union-loss clause is important because it helps to ensure that lenders are protected in the event of a loss that is caused by a union or labor dispute. Without this clause, lenders may be at risk of losing their investment if a borrower is unable to repay a loan due to a loss that is caused by a union or labor dispute.

union certification | union mortgage clause

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i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
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love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
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bodyadaya
13:53
let it rock
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How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
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Cornell
14:19
@HopefullyinLawSchool What's YM?
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oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
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Ouch
HopefullyInLawSchool
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your*
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I fear I realized too late
babycat
14:20
another victim claimed
concorde
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pwned
14:22
Might have to send in addendums for that
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