Tag: agreements
Keepwell Agreement
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...
Heads Of Agreement
What is 'Heads Of Agreement' A non-binding document outlining the main issues relevant to a tentative partnership agreement. Heads of agreement represents...
Yearly Renewable Term Plan of Reinsurance
What is 'Yearly Renewable Term Plan of Reinsurance' A type of life reinsurance where mortality risks are transferred to a reinsurer. In...
Sale and Repurchase Agreement (SRA)
What is 'Sale and Repurchase Agreement - SRA' An open market operation, implemented by the central Bank of Canada, that is designed...
Sales And Purchase Agreement (SPA)
What is a 'Sales And Purchase Agreement - SPA' A sales and purchase agreement (SPA) is a legal contract that obligates a...
Cancellation Provision Clause
What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to...
Qualified Special Representative Agreement (QSR)
What is 'Qualified Special Representative Agreement - QSR' An agreement between broker-dealers to clear trades without the interaction of the NASDAQ ACT...
Farmout
What is 'Farmout' Farmout is the assignment of part or all of an oil, natural gas or mineral interest to a third...
Warehouse-To-Warehouse Clause
Warehouse-To-Warehouse Clause What is 'Warehouse-To-Warehouse Clause ' A clause in an insurance policy that provides for coverage of cargo in transit....
General Collateral Financing Trades (GCF)
What is 'General Collateral Financing Trades - GCF' A type of repurchase agreement which is executed without the designation of specific securities...