Stipulation

{
  "id": "MLC-T-INS-003189",
  "term": "Stipulation",
  "field": "Insurance and risk management",
  "definition": "A condition or requirement specified in an insurance policy or legal agreement that must be met by one or both parties. In a claims context, it can be an agreement between parties in a lawsuit or dispute regarding certain facts or procedures, avoiding the need for formal proof. Failure to adhere to a stipulation can affect coverage or legal outcomes.",
  "url": "https://mlchart.com/terminology/insurance/stipulation/"
}