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Meaning / Definition of

Homeowner's Insurance

Categories: Finance,

homeowners insurance is a contract between an insurance company and a homeowner to cover certain types of damage to the property and its contents, theft of personal possessions, and liability in case of lawsuits based on incidents or events that occur on the property. To obtain the insurance, which is based on the value of the home and what is covered in the policy, you pay a premium set by the insurance company. For each claim there's generally a deductible - a dollar amount - that you must pay before the insurer is responsible for its share. If you have a mortgage loan, your lender will require you to have enough homeowner's insurance to cover the amount you owe on the loan. Homeowner insurance policies vary substantially from contract to contract and from insurer to insurer as well as from region to region. Almost all policies have exclusions, which are causes of loss that are not covered. All of the coverage and exclusions of a particular policy are spelled out in the terms and conditions.

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Definition / Meaning of

Section 8 Declaration Of Excusable Nonuse

Categories: Patent,

a sworn statement, filed by the owner of a registration, that the mark is not in use in commerce due to special circumstances that excuse such nonuse and is not due to any intention to abandon the mark. section 8 of the trademark act, 15 U.S.C. 1058. It must be filed by the current owner of the registration and the USPTO must receive it during the following time periods: 1) At the end of the 6th year after the date of registration (or the date of publication under 15 U.S.C. §1062(c) for registrations issued under the Acts of 1905 or 1881 that have claimed the benefits of the Act of 1946), AND 2) At the end of each successive 10-year period after the date of registration. There is a six-month grace period. If these rules and deadlines are not met, the USPTO will cancel the registration. Once the USPTO accepts the section 8 Declaration of excusable nonuse, the owner of the registration is not required to file another section 8 Declaration until the next statutory filing period. -- see File a §8 Declaration

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