An insurance payout that happens if three specific triggers occur. The first one is related soley to an insurance risk while the second and third can be financial or insurance related. Refer to dual trigger and multiple trigger products.
Lat. In the civil law. The reply of the plaintiff to the rejoinder of the defendant. It corresponds to the surrejoinder of common law. Inst 4, 14; Bract. 1. 5, t 5, c. 1.