104 Results for Tag: contract

Keepwell Agreement

Keepwell Agreement What is 'Keepwell Agreement' A contract between a parent company and its subsidiary to maintain solvency and financial backing throughout the term set in the agreement.

Knock-Out Option

Knock-Out Option 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 level is exceeded. A knock-out option sets

Heads Of Agreement

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 the first step

Years Certain Annuity

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

Yearly Renewable Group Term Insurance

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

Implied Contract

DefinitionA quasi-contract is a fictional contract recognised by a court. The notion of a quasi-contract can be traced to Roman law and is still a concept used in some modern legal systems.

Intrinsic Value

Intrinsic Value In the market of finance, the term intrinsic value can have two distinct meanings: Intrinsic value, is the difference between the strike price of the option and the underlyi

Illiquid Option

Illiquid Option What is 'Illiquid Option' An option contract that cannot be sold for cash quickly at the prevailing market price. Illiquid options have very low or no open interest. Expl

Implied Authority

DefinitionImplied Authority of Contract is a legal term. In contract law, it is the implied ability of an individual to make a legally binding contract on behalf of an organization, by way o

Implied Call

Implied Call What is 'Implied Call' A right given to mortgage borrowers that allows them to call or pay-back a loan at any time. The call is implied, as it is included in most mortgages un
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