proceeds and avails of insurance


proceeds and avails of insurance
For the purposes of exemption from execution, the amount collected from an insurance company under a contract of insurance. Le Blane's Succession, 142 La 27, 76 So 223.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • avails — index boom (prosperity), proceeds, profit Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • proceeds — pro·ceeds / prō ˌsēdz/ n pl 1: money or other property received as the result of a sale or other transaction esp. involving collateral retain a security interest in the proceeds of collateral 2: money received from an insurance policy Merriam… …   Law dictionary

  • avails — n. any sum that is available to an insurance policy owner in addition to the actual proceeds of the policy (avails include payments of dividend, interest, cash or surrender value and loan value); (term used in New England, USA) profits, proceeds… …   English contemporary dictionary

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary


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