An obligation or duty upon an individual to incur the losses of another.
The right of an injured party to shift the loss onto the party responsible for the loss.
Security from damage, loss, or penalty.
A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
Repayment; compensation for loss or injury.
A particular benefit, advantage, or favor; a right or immunity enjoyed by some but not others; a prerogative, preferential treatment.
A right or immunity enjoyed by a legislative body or its members.
An exemption from certain laws granted by the Pope.
An especially rare or fortunate opportunity; the good fortune (to do something).
A common law doctrine that protects certain communications from being used as evidence in court.
An ability to perform an action on the system that can be selectively granted or denied to users.
The fact of being privileged; the status or existence of (now especially social or economic) benefit or advantage within a given society.