The word’s etymology reflects several diverse or seemingly unrelated topics under the same umbrella. As part of everyday discourse, you’ll find the term “omnibus” related to a clause in a dying person’s testament, federal law, or even car insurance policy.  Omnibu...

In our day-to-day life, we often bump into the question, “What does subordinate mean?” The official subordinate definition says, “to consider or treat something or someone as of lesser significance than something else” or “make dependent or submissive to something else:...

Coverage against loss as the result of a burglary. Found as part of the commercial package policy that has generally replaced the special multiperil insurance (smp) policy and the MERCANTILE OPEN STOCK BURGLARY INSURANCE policy. Covers loss of merchandise, furniture, equipment, fixtures due to force...

Very junior issues of debt, according to explicit statements in the indenture, which rank after other unsecured debt....