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INTERIM

Categories: Contracts

Definition (1910 Edition)

Interest reipublices suprema hominum testamenta rata haberi. It concerns the state that men’s last wills be held valid, [or allowed to stand.] Co. Litt. 2360.

tnade in the mean time, and until something is done.—Interim receipt. A receipt for money paid by way of premium for a contract of insurance for which application is made. If the risk is rejected, the money is refunded, less the pro rate premium.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.