Section of an insurance policy where terms with specific meanings relative to coverage are defined.
Insurance Encyclopedia
Deflation
An economic period characterized by falling prices, high unemployment and a generally sluggish or slow economy.
Degree day
The measure of deviation of one day’s average temperature against a standard reference temperature, e.g. 65°F or 18°C in a reference station such as London Heathrow. An average daily temperature of 23°C produces 5 degree days and measures the intensity of warmth on that day. See HEATING DEGREE DAYS; COOLING DEGREE DAYS; CUMULATIVE DEGREE DAYS; GROWING DEGREE DAYS.
Degree of Care
A duty owed to others which depends on circumstances. Persons who invite others on their premises, those who invite children on their premises and those who sell what might be considered inherently dangerous products are all required to take different degrees of care to prevent harm to others.
Degree of care (Legal Terminology)
The degree of care taken for the physical safety of others.
Degree of risk
A concept similar to probability. The uncertainty present in a particular situation. The chance that the reality will be different than the predicted outcome.
***
probable variation of actual experience from expected experience
***
The amount of uncertainty that exists in a given situation. For instance, if one has chosen heads in the flip of a coin, the degree of risk present is 50%, since there is a 50% chance any flip of the coin will come up tails. Refer “Law of Large Numbers” and “Probability.”
Degrees and Defenses available to the Defendant for Negligence (Degrees and Defenses available to the Defendant)
Contributory Negligence : If the plaintiff suffers injury or damages partly due to his own fault and aptly due to the fault of the defendant, the damages are reduced according to the blame attaching to the plaintiff.
***
Emergency : If a person in a moment of imminent danger acts in a way which causes injury to another, he will not be held liable in negligence if his act was not unreasonable in the difficult situation in which he was placed.
Dehydration
1. Serious physiological condition in which the body’s loss of fluid is more than the body’s intake of fluid. 2. Rendering a substance free from water.
Deinstitutionalization
Change in the location and focus of mental health care and treatment for medically and socially dependent individuals from an institutional to a community setting.
Del-Credere Risks
Risks of debts arising from insolvency or default of a debtor.