Louisiana Revised Statutes > Title 22 > Chapter 22 – Hurricane Property Insurance Claim Alternate Dispute Resolution Program
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Terms Used In Louisiana Revised Statutes > Title 22 > Chapter 22 - Hurricane Property Insurance Claim Alternate Dispute Resolution Program
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Probate: Proving a will
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.