The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
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Uberrima fides (genitive form uberrimae fidei) (literally, “most abundant faith”) is a Latin phrase meaning “utmost good faith" . For our purposes it is a legal doctrine fiercely guarded by the hounds of the Chancery division which relevant to insurance contracts — meaning you have to disclose everything, and if yuou don’t the contract may be void — and employment contracts — meaning an employee can’t work for anyone else, and an employer has to show procedural fairness and so on.