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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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good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
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)
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