no-fault definition by Webster's New World
- designating or of a form of insurance which covers certain losses of all persons injured, as in an automobile accident, without regard to fault
- designating a form of divorce granted without blame being sought or established
no-fault definition by American Heritage Dictionary
- Of, indicating, or being a system of motor vehicle insurance in which accident victims are compensated by their insurance companies without assignment of blame.
- Law Of, indicating, or being a type of divorce in which blame is assigned to neither party.
no-fault - Business Definition
no-fault - Investment & Finance Definition
A legal distinction that doesn’t require opposing parties in a lawsuit or claim to prove who is at fault. No-fault commonly is used in divorce law and for automobile insurance. For auto insurance, each party seeks reimbursement from their own insurance company regardless of who was at fault. No-fault laws vary among states.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana. Used by arrangement with John Wiley & Sons, Inc.
no-fault - Legal Definition