Existing Condition
/ɪgˈzɪstɪŋ kənˈdɪʃən/
Definitions
- (n.) A physical or legal state or circumstance recognized as present at a specified time, often relevant in contracts, insurance, or real estate.
The policy excludes coverage for any damages resulting from existing conditions prior to its inception.
Related terms
See also
Commentary
Typically used to identify facts or states known before the execution of a contract or policy; precise definition may vary by context to limit or expand legal liability.
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.