for-clause

  • 101Loss payee clause — A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party rather than to the… …

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  • 102necessary and proper clause — nec·es·sary and proper clause n often cap N&P&C [from the words of the clause]: the clause in Article I, Section 8 of the U.S. Constitution that empowers the Congress to make all laws necessary for executing its other powers and those of the… …

    Law dictionary

  • 103Lieberman clause — A Lieberman clause is a clause included in a ketubah, named after Talmudic scholar Saul Lieberman, that stipulates that divorce will be adjudicated by a modern Bet Din (rabbinic court) in order to prevent the problem of the agunah.In the 1950s… …

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  • 104Royal lives clause — A Royal lives clause is a contract clause which provides that a certain right must be exercised within (usually) the lifetime plus 21 years of the last living descendant of a British Monarch who happens to be alive at the time when the contract… …

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  • 105Emolument Clause — The Emolument clause refers to a provision in Article I, , Clause 8, that forbids the United States from granting titles of nobility and restricts members of the government from receiving gifts from foreign states without the consent of the… …

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  • 106No-trade clause — A no trade clause is an amendment to a contract, usually relevant in American professional sports, wherein a player may not be traded to another club. Sometimes this clause is implemented by the club itself, but the vast majority are requested by …

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  • 107Romalpa clause — a clause in a contract modelled on the clause that was upheld in the English Court of Appeal in the case Aluminium Industrie Vassen BV v . Romalpa Aluminium [1976] 1 WLR 676. There are two main elements: (2) (1) retention of title. Because of the …

    Law dictionary

  • 108economic equilibrium clause — USA A type of stabilization clause contained in a host government agreement (HGA) or other international investment agreement between a host government and a foreign investor that protects foreign investors from laws and regulations adopted after …

    Law dictionary

  • 109De-Escalation Clause — An article in a contract that calls for a price decrease if there is a decrease in certain costs. For example, a de escalation clause may stipulate that maintenance fees will be reduced if the item being maintained depreciates in value. A de… …

    Investment dictionary

  • 110Nonforfeiture Clause — A clause in an insurance policy that allows for the insured to receive all or a portion of the benefits or a partial refund on the premiums paid if the insured misses premium payments, causing the policy to lapse. The nonforfeiture clause may… …

    Investment dictionary