Tag: party

What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost...

Abandonment and salvage are two ways to deal with property. Abandonment is the process of giving up a property, while salvage is the process...

DefinitionA lease is a contractual arrangement calling for the to pay the lessor for use of an asset. Property, buildings and vehicles are common...

What is 'Rate Anticipation Swap' A type of swap in which bonds are exchanged according to their current duration and predicted interest...

What is 'Sale and Repurchase Agreement - SRA' An open market operation, implemented by the central Bank of Canada, that is designed...

What is 'Safekeeping Certificate' A document that represents ownership of a security or certificate of deposit. Safekeeping certificates are the investor's claim...

What is 'Sandwich Lease' A lease in which a party rents property from the property owner and then subsequently leases it out...

What is bail bond and why do people need it Bail bonds are a type of surety bond that is posted on behalf of a...

What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to...

What is 'Bailment' The contractual transfer of possession of assets or property for a specific objective. In bailment, the deliverer of the...