1 2 3 4 5 7 8 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
T. T1 T2 T3 T4 T5 T6 T7 T8 T9 Ta Tc Td Te Tf Tg Th Ti Tj Tk Tl Tm Tn To Tp Tq Tr Ts Tt Tu Tv Tw Ty
Tra Tre Tri Tru

Trend

A factor applied to indemnity (medical) loss ratio to adjust for future inflation relative to exposure.
***
In business interruption insurance the policy provides that adjustments are to be made in calculating the rate of gross profit and the turnover to allow for the trend of the business.

Trend factor

Annual adjustment amount applied to total claim costs to represent the change in level of the costs from one period of time to another because of inflation and increase in use.
***
The factor applied to rates which allows for such changes as increased cost of medical providers, the cost of new and expensive medical technology etc.

Trespass

A tort committed with ‘force and violence’ on the person, property or rights of another. All three types are actionable per se without proof of damage unlike nuisance where the interference is indirect and requires such proof. Wrongful interference with goods is covered in the Tort (Interference with Goods) Act 1977. Liability policies do not cover intentional acts but most public liability policies cover liability from accidental trespass, false arrest, false imprisonment and invasion of privacy. Some cover also exists in respect of loss of documents under professional indemnity policies.
***
Trespass consists of the entry of a person or a thing upon land in the possession of another without permission.

Trespasser

A trespasser is one who unauthorized goes upon the private premises of another without invitation or inducement, express or implied, but purely for his own purposes or convenience and where no mutuality of interest exists between him and the owner or occupant.