Beneficiary - The person who is or will be the ultimate
recipient of a benefit, such as an insurance payout.
Bilateral contract - Also called "reciprocal" contracts,
these are contracts in which the parties involved give mutual promises,
such as abiding by certain sets of terms and conditions.
Bona fide - A legal term that refers to actions or persons
that are honest and in good faith.
Breach of contract - The failure to perform provisions of
a contract without a legal excuse.
Breach of covenant - The failure to obey a legal agreement.
Breakdown cover - A policy that provides recovery and repair
services for motorists. Traditionally, breakdown services were provided
by the RAC and the AA, but more recently insurance companies have
started to offer this sort of policy.
Business use - This is when the policyholder uses
their motorcycle for their own business to travel to more than one
place of work and between places of work.
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