Dividend option

Definition
: an option allowing the owner of a participating insurance policy and esp. a life insurance policy to determine how dividends are to be paid (as in cash or by being applied as payment for additional insurance)

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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collateral estoppel

estoppel by judgment barring the relitigation of issues litigated by the same parties on a different cause of action

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