Category: M

Where the award of a single contract would be impractical or impossible, two or more bidders for the same item are awarded separate, partial contracts.

An insurance policy covering a range or perils.

An option package with two more more barrier options.

In Scotch law. Double distress; a name given to an action, corresponding to proceedings by way of Interpleader. which may be brought by a per- son in possession of goods claimed by different persons pretending a right thereto, calling the claimants and all others to settle their claims, so that the party who sues may be liable only “in once and single payment.” Bell. Multiplex et indistinctnm parit con- fusioncm; et qnacstiones, qno simpli- ciores, eo lucidiores. Hob. 335. Multiplicity and indistinctness produce confusion; and questions, the more simple they are, the more lucid. Multiplicata transgressione crescat pcenae inflictio. As transgression Is multiplied. the intliction of punishment should increase. 2 Inst. 479.

a term that is used for double and triple of damages to be awarded. See punitive damages.

A trust made by many small employers in the same industry. Purchasing lower-cost group insurance or setting up a self-funded plan are reasons for this type of trust.

To provide medical benefits financed by the employer, these types of funds and trusts are arranged.

To provide retirement benefits insurance cash values and a separate fund are used. Using a separate fund as well as .

Benefits provided by a specific policy will be multiplied by a specific percentage stated in the type of clause. A peril happening in a certain way might be double indemnity in a case of arson on a property insurance policy, for example .

Covering both liability and property damage dangers in this specific type of combination insurance policy.