Akademik

cover
cov·er 1 vt
1: insure
this policy cover s other family drivers
2: to give protection against or compensation or indemnification for
doesn't cover flood damage
vi: to obtain cover
where the seller anticipatorily repudiates a contract and the buyer does not coverCosden Oil & Chemical Co. v. Karl O. Helm AG, 736 F.2d 1064 (1984)
cover 2 n: purchase of goods in substitution for those originally contracted for when the seller fails to fulfill the contract
the buyer is always free to choose between cover and damages for nondeliveryUniform Commercial Code; also: the substituted goods
◇ Under the Uniform Commercial Code, when a seller does not perform on a contract, the buyer has the option of covering, with the seller paying the difference between the cost of the cover and the original contract price, or seeking damages for nonperformance. Reselling is the seller's comparable remedy when a buyer does not perform under a contract.

Merriam-Webster’s Dictionary of Law. . 1996.