term of contract
71term of a contract — noun the period of time during which a contract conveying property to a person is in effect • Syn: ↑lease • Derivationally related forms: ↑lease (for: ↑lease) • Hypernyms: ↑time period, ↑ …
72term — 1) The period of time before a security expires or is redeemed. 2) See term assurance 3) A clause in a contract that refers to a particular obligation between the contracting parties …
73term — 1. noun 1) scientific terms Syn: word, expression, phrase, name, title, designation, label, description 2) the terms of the contract Syn: condition, stipulation, specification …
74term insurance — Life insurance under a contract providing protection for a stated number of years, subject to the payment of premiums, sometimes renewable without an additional medical examination, sometimes convertible to other forms of life insurance written… …
75Contract amount — An ISO term. The currency and the amount of the agreement. 3a22d …
76NEC Engineering and Construction Contract — The New Engineering Contract (NEC), or NEC Engineering and Construction Contract is a formalized system created by the Institution of Civil Engineers that guides the drafting of documents on civil engineering and construction projects for the… …
77collateral contract — collateral warranty or collateral contract The meaning of this term differs depending on the context in which it is used: • In the general law of contract, a term or contract which runs outside the main written contractual agreement between the… …
78Renewable Term — A clause in a term insurance contract that allows the beneficiary to extend the coverage term for a set period of time without having to requalify for coverage. A renewable term is contingent on premium payments being up to date, as well as a… …
79Oral contract — An oral contract is a contract the terms of which have been agreed by spoken communication, in contrast to a written contract, where the contract is a written document. There may be written, or other physical evidence, of an oral contract – for… …
80Executory contract — An executory contract is a contract in which a party has material unperformed obligations. Although material, an obligation to pay money does not usually make a contract executory. An obligation is material if a breach of contract would result… …
