Tag: contract

A European option is a type of options contract that can only be exercised on the expiration date. An American option, on the other...

What is an Aleatory Contract An aleatory contract is a type of agreement in which one or more of the parties agrees to perform an...

What is per stirpes and how does it work Per stirpes is a legal term that refers to the distribution of assets in an estate....

What is repudiation Repudiation most commonly refers to the act of rejecting or disavowing something. In the legal world, it is often used in reference...

What is a 'Knock-Out Option' A knock-out option is an option with a built-in mechanism to expire worthless if a specified price...

What is a Keepwell Agreement A Keepwell Agreement is a contract between a parent company and its subsidiary stating that the subsidiary will not be...

What is 'Heads Of Agreement' A non-binding document outlining the main issues relevant to a tentative partnership agreement. Heads of agreement represents...

What is 'Years Certain Annuity' An insurance product that pays the holder a monthly income for a specified number of years. A...

What is 'Yearly Renewable Group Term Insurance ' A type of insurance policy purchased by employers to cover several people at a...

What is an implied contract An implied contract is a legally binding agreement between two parties that is not written or spoken, but is simply...