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gap theory.Insurance. The principle that a tortfeasor will be considered underinsured if his or her liabili-ty-insurance coverage — although legally adequate — is less than the injured party’s underinsured-motorist coverage. • This principle allows an injured party to invoke underinsured-motorist coverage. Cf. EXCESS THEORY. [Cases: Insurance 2787.C.J.S. Insurance § 1657.] [Blacks Law 8th]

gap report.In the making of federal court rules, a report that explains any changes made by an advisory com-mittee in the language of a proposed amendment to a procedural rule after its publication for comment. • Before advisory committees began issuing gap reports in the early 1980s, there were complaints that the public record did…

gap period.Bankruptcy. The duration of time between the filing of an involuntary bankruptcy petition and the entry of the order for relief. — Often shortened to gap. [Cases: Bankruptcy 2281. C.J.S. Bankruptcy § 56.][Blacks Law 8th]

gap financing.See FINANCING.[Blacks Law 8th]

gap-filler. A rule that supplies a contractual term that the parties failed to include in the contract. • For example, if the contract does not contain a sales price, UCC § 2-305(1) establishes the price as being a reasonable one at the time of delivery. Cf. default rule under RULE(1). [Cases: Sales 22(4), 23(4). C.J.S.…

gap creditor.See CREDITOR.[Blacks Law 8th]

gap. See GAP PERIOD.[Blacks Law 8th]

gaol liberties.See JAIL LIBERTIES.[Blacks Law 8th]

gaoler. See JAILER.[Blacks Law 8th]

gaol delivery.See JAIL DELIVERY.[Blacks Law 8th]