34 Results for Tag: parties

Kyoto Protocol

DefinitionThe Kyoto Protocol is an international treaty which extends the 1992 United Nations Framework Convention on Climate Change that commits state parties to reduce greenhouse gas emiss

Hara-Kiri Swap

Hara-Kiri Swap What is 'Hara-Kiri Swap' An interest rate or cross-currency swap devoid of any profit margin for the originator. The term gets its name from Japanese banks' and securities h

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

Hart-Scott-Rodino Antitrust Improvements Act Of 1976

Hart-Scott-Rodino Antitrust Improvements Act Of 1976 What is 'Hart-Scott-Rodino Antitrust Improvements Act Of 1976' A U.S. law enacted by President Ford that requires large companies to fi

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.

Implied Contract Terms

Implied Contract Terms What are 'Implied Contract Terms' Implied contract terms are items that a court will assume are intended to be included in a contract, even though they are not expre

In Escrow

In Escrow What does 'In Escrow' mean In escrow is an item such as money or a piece of property that has been transferred to a third party with the intentions of delivery to a grantee as pa

Oil Pollution Act Of 1990

DefinitionThe Oil Pollution Act of 1990 was passed by the 101st United States Congress and signed by President George H. W. Bush. It works to avoid oil spills from vessels and facilities by

Over the Counter Trading

DefinitionOver-the-counter or off-exchange trading is done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exch

Abandonment Option

Abandonment Option What is 'Abandonment Option' A clause granting parties the option of withdrawing from the contract before the fulfillment or completion of all contractual duties. This c
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