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Simple English definitions for legal terms
saver default
Read a random definition: material alteration
A quick definition of saver default:
Term: SAVER DEFAULT
Definition: Saver default means to excuse a mistake or failure to appear in court. It is like saying, "I'm sorry I missed my court date, but I had a good reason, like being in jail." It is an old legal term that is not used much anymore.
A more thorough explanation:
Definition: Saver default is a legal term that means to excuse a default. It comes from Law French, an old language used in legal documents.
For example, if someone fails to show up in court on their scheduled date, they may be considered to have made a default. However, if they can provide a good reason for their absence, such as being in jail at the time, they may be able to use saver default to excuse their default.
Another example could be if someone fails to pay a debt on time. If they can provide a valid reason for their late payment, such as a medical emergency, they may be able to use saver default to avoid any penalties or consequences.
In summary, saver default is a way to excuse a default by providing a valid reason for the failure to act or comply with a legal obligation.