Examlex
Under this category of no-fault laws, rights to litigate are limited but not eliminated; generally, suit can be brought against an automobile driver only when serious injury has resulted from the accident or special damages exceed a given dollar amount, called a threshold.For nonserious injuries and those resulting in losses below the threshold, only no-fault benefits are available.Serious injuries, or those resulting in losses in excess of the dollar-value threshold, permit the injured party to take legal action, including claims for general damages (such as pain and suffering) .Identify this category of no-fault law.
Market Rate
The prevailing interest rate available in the marketplace for loans or investments of a similar risk and maturity.
Maturity
The point at which a financial instrument, investment, or policy reaches the end of its term and is due to be repaid or terminated.
Price
The amount of money expected, required, or given in payment for something.
Population
The total number of inhabitants of a particular town, area, or country.
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