(a) Utmost good faith : An insurance contract is based on utmost good faith on the part of both the parties. It is the legal duty of the proposer to disclose all the material facts about the subject to be insured. If the proposer conceals any material facts the insurer can repudiate the contract of insurance. Thus, good faith requires each party to disclose all the information at his command to the other party.
(b) ATM stands for Automated Teller Machine. An ATM renders teller's job 24 hours a day. It is a self-service terminal which renders the facility of withdrawal and deposit of money to the bank customers. Each customer is given a separate plastic card to avail the services at the ATM. The customer has to insert the plastic card into the terminal and enter his identification code. The machine would then respond to the customer's instruction of giving cash, taking deposit and handling other banking transactions.