Business, Legal & Accounting Glossary
n. when language has more than one meaning. If the ambiguity is obvious it is called “patent,” and if there is a hidden ambiguity it is called “latent.” If there is an ambiguity, and the original writer cannot effectively explain it, then the ambiguity will be decided in the light most favorable to the other party.
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This glossary post was last updated: 26th April, 2020 | 1 Views.