reinstatement provision JUST WRITTEN FOR YOU
/riːɪnstætmənt prəˈvɪʒən/ · re-in-sta-ment pro-vi-sion
noun
- A clause or section in a contract, policy, or agreement that outlines the process and conditions under which a previously terminated or cancelled provision can be reinstated. The reinstatement provision in the employment contract allowed her to return to work after a six-month leave of absence.
- A condition or stipulation that allows for the restoration of a previously cancelled or terminated benefit, service, or right. The reinstatement provision in the health insurance policy covered the cost of her medical treatment after she was readmitted to the hospital.
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Did you know? The concept of reinstatement provision is crucial in business and law, as it provides a safeguard for individuals and organizations to recover from mistakes or unforeseen circumstances.