An omnibus clause is a clause that provides or includes all residuary not specifically mentioned.
A very common omnibus clause deals with automobile liability insurance. The clause provides coverage for the named insured, any member of the insured's household, and to any person using the automobile with the insured's permission, provided the use was within the scope of permission.
A second common omnibus clause is used in wills. The clause distributes to the named beneficiary all unnamed assets included in the decedent's estate.
Famous quotes containing the words omnibus and/or clause:
“An omnibus across the bridge
Crawls like a yellow butterfly,
And, here and there, a passer-by
Shows like a little restless midge.”
—Oscar Wilde (1854–1900)
“Long ago I added to the true old adage of “What is everybody’s business is nobody’s business,” another clause which, I think, more than any other principle has served to influence my actions in life. That is, What is nobody’s business is my business.”
—Clara Barton (1821–1912)