Covering
/ˈkʌvərɪŋ/
Definitions
- (n.) A security or protection arrangement in financial or contractual contexts ensuring a party fulfills obligations or liabilities.
The guarantor provided a covering to secure the loan repayment.
- (n.) In insurance, an extension of protection afforded by a policy against specified risks.
The policy included covering for flood damage.
Forms
- coverings
Related terms
See also
Commentary
In legal drafting, "covering" often relates to ensuring performance or risk protection, so clarify context to avoid ambiguity between contractual and insurance usages.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.