SURVEY

The process by which a parcel of land is measured and its contents ascer- tained ; also a statement of the result of such survey, with the courses and distances and the quantity of the land. In insurance law, tbe term “the survey” has acquired a general meaning, inclusive of what is commonly called the “application,” which contains the questions propounded on behalf of the company, and the answers of the assured. Albion Lead Works v. Williams- burg City F. Ins. Co. (C. C.) 2 Fed. 4S4; May v. Buckeye Ins. Co., 25 Wis. 201, 3 Am. Rep. 7G.

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SUSPENSE

When a rent, profit d prendre, and the like, are, in consequence of the unity of possession of the rent, etc., of the land out of which they issue, not in esse for a time, they are said to be in suspense, tune dormiunt; but they may be revived or awakened. Co. Litt 313a,

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SURVEYOR

One who makes surveys of land ; one who has the overseeing or care of another person’s land or works.

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SUSPENSE ACCOUNT

An account that is temporary used to record (1) receipts or disbursements from unconcluded transactions or (2) discrepancies between account totals until rectified.

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SURVIVABILITY

The ability of an organization or system to cope with a hostile environment or disaster without significantly impairing its operations. See susceptibility.

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SURVIVAL STATUTE

the statute that preserves a dead person’s estate with a cause for pain and suffering.

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SURVIVOR

One who survives another; one who outlives another; one of two or more persons who lives after tbe death of the other or others.

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SURVIVOR PRINCIPLE

The concept where the most efficient method of production is used by a company in order to survive and compete in the long term.

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SURVIVORSHIP

The living of one of two or more persons after the death of the other or others. Survivorship is where a person becomes entitled to property by reason of his having survived another person who had an interest In it. The most familiar example is in the case of joint tenants, the rule being that on the death of one of two joint tenants the whole property passes to the survivor. Sweet

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SURVIVORSHIP ANNUITY

Life insurance annuity where the beneficiary is paid a sum monthly during their life or on the death of the insured.

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