Category: E

The price to fix or replace an asset if it is damaged. The original quality is the standard for the replacement. AKA guaranteed replacement costs.

The time frame the insured can make claims after the liability coverage is expired.

the phrase that is used to signify the lengthened punishment of a criminal due to their previous record.

A rule in policies that allows insurance to be continued based on the cash value.

Reinsurance that requires a reinsurer pay the benefits of a disability contract after the company has done for months.

Extending coverage on a standard warranty. The time a producer is liable pays is extended. This is offered at the end of a warranty.

(From ex, from, and ro- gare, to pass a law.) In Roman law. To takesomething from an old law by a new law. Tayl. Civil Law, 155.

Lat You cause to be extended. In English practice. The name of a writ of execution, (derived from Its two emphatic words;) more commonly called an “extent” 2 Tidd, Pr. 1043 ; 4 Steph. Comm. 43.

To expand, enlarge, prolong, widen, carry out, further than the originallimit; as, to extend the time for filing an answer, to extend a lease, term of office,charter, railroad track, etc. Flagler v. Hearst. 62 App. Div. 18, 70 N. Y. Supp. 056;Colliding v. Hammond, 54 Fed. 642. 4 C. C. A. 533; State v. Scott. 113 Mo. 550. 20 S.W. 1076; James v. McMillan, 55 Mich. 136. 20 N. W. 826; Wilson v. Rousseau. 4 How.697, 11 L. Ed. 1141; Orton v. Noonan. 27 Wis. 272; Moers v. Reading, 21 Pa. 201;People v. New York & H. R. Co., 45 Rarb. (N Y.) 73. To extend a street means to prolongand continue it in the direction in which It already points, but does not includedeflecting it from the course of the existing portion. Monroe v. Ouachita Parish, 47 La.Ann. 1061, ’17 South. 498; In re Charlotte St., 23 Pa. 288; Seattle & M. Ry. Co. v.State, 7 Wash. 150, 34 Pac. 551, 22 L. R. A. 217, 38 Am. St. Rep. 866.In English practice. To value the lands or tenements of a person bound by a statuteor recognizance which has become forfeited, to their full extended value. 3 Bl. Comm.420; Fitzh. Nat. Brev. 131. To execute the writ of extent or extendi facias, (q. v.) 2Tidd, Pr. 1043, 1044.In taxation. Extending a tax consists in adding to the assessment roll the preciseamount due from each person whose name appears thereon. “The subjects for taxationhaving been properly listed, and a basis for apportionment established, nothing will remainto fix a definite liability but to extend upon the list or roll the several proportionateamounts, as a charge against the several taxables.” Cooley, Tax’n, (2d Ed.) 423.

An OVERTHECOUNTER COMPLEX OPTION that allows the buyer to EXERCISE the contract on a particular reset date or reset the STRIKE PRICE to the current market level and extend the option for another reset period. The extendible option is a variation of the PARTIAL LOOKBACK OPTION.