Written+contract
111Gross premiums written — When a non life insurance company closes a contract to provide insurance against loss, the revenues (premiums) expected to be received over the life of the contract are called gross premiums written. Insurance companies often purchase reinsurance …
112Adhesion Contract — A contract in which one party has substantially more power than the other in creating the contract. For a contract of adhesion to exist, the offeror must supply a customer with standard terms and conditions that are identical to those offered to… …
113collateral 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… …
114Breach Of Contract — Violation of any of the agreed upon terms and conditions of a binding contract. This breach could be anything from a late payment to a more serious violation, such as failure to deliver a promised asset. A contract is binding and will hold weight …
115No-bid contract — The term no bid contract is a popular phrase for what is officially known as a sole source contract . A sole source contract implies that there is only one person or company that can provide the contractual services needed, and any attempt to… …
116options contract — A contract that, in exchange for the option price, gives the option buyer the right, but not the obligation, to buy (or sell) a financial asset at the exercise price from (or to) the option seller within a specified time period, or on a specified …
117simple contract — Record, specialty, simple contract Contracts of record are such as are declared and adjudicated by courts of competent jurisdiction, or entered on their records, including judgments, recognizances, and statutes staple. These are not properly… …
118record, specialty, simple contract — Contracts of record are such as are declared and adjudicated by courts of competent jurisdiction, or entered on their records, including judgments, recognizances, and statutes staple. These are not properly speaking contracts at all, though they… …
119simple contract — Record, specialty, simple contract Contracts of record are such as are declared and adjudicated by courts of competent jurisdiction, or entered on their records, including judgments, recognizances, and statutes staple. These are not properly… …
120record, specialty, simple contract — Contracts of record are such as are declared and adjudicated by courts of competent jurisdiction, or entered on their records, including judgments, recognizances, and statutes staple. These are not properly speaking contracts at all, though they… …
