Utmost good faith

From The Jolly Contrarian
Revision as of 23:02, 17 March 2020 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search
The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Index — Click the ᐅ to expand:
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

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.