This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Promissory Estoppel

Legal concept holding that a false statement will be treated as a promise when the listener relied upon the false statement to his/her detriment. The maker of the false statement is barred (estopped) from denying the statement. Also known as “equitable estoppel” or “detrimental reliance.”

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