no-action clause

noun

no-ac·​tion clause
: a clause in an insurance contract providing that the insurer does not have to pay unless and until a judgment against the insured is obtained

Dictionary Entries Near no-action clause

Cite this Entry

“No-action clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/no-action%20clause. Accessed 27 Apr. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!