Glossary

Trip lease, for purposes of the International Registration Plan, is a lease of vehicular equipment to a motor carrier (lessee) for a single interjurisdictional movement.

Trip permit for purposes of the International Registration Plan, is a trip permit issued in lieu of either "full" or "apportioned" registration.

Trip transit insurance is written to cover a specific individual shipment, as distinguished from transit insurance written to cover any and all shipments that may occur during the policy term.

Trojan horse describes a type of malicious software (malware) named after the wooden horse the Greeks used to infiltrate Troy that masquerades as a legitimate computer program such as a game, image file, disk utility, or even an antivirus program.

Truckers downtime insurance is a business interruption coverage for motor carriers or truckers.

A commercial auto policy designed to address the needs of the "for-hire" motor carrier (i.e., trucking) industry.

Truckload terminology refers to a motor carrier for hire transporting a truckload of cargo from one shipper at a time, as opposed to a less-than-truckload motor carrier that typically consolidates loads such that its cargo at any one time comes from multiple shippers.

A trustee is a person appointed to manage the property of another.

Trustee group life insurance refers to a master group life insurance policy issued to a trustee for two or more employers in the same industry, for two or more unions, or for joint employer-union funds for the benefit of the employees or members.

A trust agreement is an attachment to a life insurance policy stipulating that proceeds should be paid into a trust under certain conditions.