no-fault insurance

no-fault

[noh-fawlt]
noun
1.
Also called no-fault insurance. a form of automobile insurance designed to enable the policyholder in case of an accident to collect a certain basic compensation promptly for economic loss from his or her own insurance company without determination of liability.
adjective
2.
of, pertaining to, or requiring no-fault insurance: a no-fault law; no-fault coverage.
3.
of, pertaining to, or designating a divorce in which there is no attempt or need to hold either party responsible for the breakup.

Origin:
1965–70, Americanism

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Etymonline
Word Origin & History

no-fault
as a type of U.S. motor vehicle insurance, attested from 1967.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary

no-fault insurance definition


A type of automobile liability insurance that tries to cut the cost of insurance by restricting the legal grounds on which suits arising out of accidents can be brought. Most payments are made without determining legal responsibility, which is most often the reason for going to court.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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