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Today's Terms
Summons
Definition:
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.
Flood Damage Title
Definition:
States issue flood titles when a vehicle has been in a flood or has received extensive water damage.
Gap Insurance
Definition:
Insurance that pays the difference between the actual cash value of a vehicle and the amount still to be paid on the loan. Some gap policies may also cover the amount of the deductible.
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