Res Judicata

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What does Res Judicata mean? Read on to discover the definition & meaning of the term Res Judicata - to help you better understand the language used in insurance policies.

Res Judicata

Res Judicata

Latin: "a thing adjudicated." A final judgment between parties that is conclusive as to that issue in later suits between those same parties.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

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