Law Dictionary Definitions

first refusal, right of.See RIGHT OF FIRST REFUSAL.[Blacks Law 8th]

first purchaser.See PURCHASER(2).[Blacks Law 8th]

first policy year.Insurance. The first year of a life-insurance policy that is to be automatically renewed annually. • This statutory phrase prohibits an insurer from using the policy’s suicide exclusion as a defense — and refusing payment on the policy — when an insured commits suicide after the first year of the policy. The insurer…

first-past-the-post voting.See plurality voting under VOTING.[Blacks Law 8th]

first-party insurance.See INSURANCE.[Blacks Law 8th]

first option to buy.See RIGHT OF PREEMPTION.[Blacks Law 8th]

first office action.See OFFICE ACTION.[Blacks Law 8th]

first offender.See OFFENDER.[Blacks Law 8th]

first of exchange.Archaic. The first in a series of drafts (bills of exchange) drawn in duplicate or triplicate for safety in their delivery, the intention being that the acceptance and payment of any one of them, usu. the first to arrive, cancels the others in the set.[Blacks Law 8th]

first-named insured.See primary insured under INSURED.[Blacks Law 8th]