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condition

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absolute

absolute  

Reference type:
Overview Page
Subject:
Law
Adj.Complete; unconditional; not relative or qualified. A rule absolute is an order that can be enforced at once, in contradistinction to a rule nisi, which commands the opposite party to appear on a ...
agreement to sell

agreement to sell  

Reference type:
Overview Page
Subject:
Law
Each jurisdiction's sale of goods legislation distinguishes between and defines ‘contract of sale’ and ‘agreement to sell’ based on whether title to the goods (property in the goods) has passed. ...
back-up line

back-up line  

Reference type:
Overview Page
(USA).Common term for a standby credit facility used to ensure funds are available to meet maturing commercial paper repayments in the event of market disruption. Note that such a ...
binomial option pricing model

binomial option pricing model  

Reference type:
Overview Page
(BOPM).An option pricing model in which the movements in the price or rate of the underlying can only take two values in the next time period for each value ...
breach of contract

breach of contract  

An actual failure by a party to a contract to perform his obligations under that contract or an indication of his intention not to do so.
Calvo clause

Calvo clause  

Reference type:
Overview Page
Subject:
Law
A legal principle, applicable in international disputes, that aliens have no more rights than the citizens of a sovereign state. In effect aliens are not entitled to rights and privileges ...
caveat emptor

caveat emptor  

Reference type:
Overview Page
Subject:
Law
The principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made; the phrase is Latin and means, ‘let the buyer beware.’
committed

committed  

Reference type:
Overview Page
(Banking).Usually a standby facility where the lender has entered into an obligation to provide funds when the borrower asks (cf. uncommitted). This arrangement means that the lender has to ...
CONDITIONS

CONDITIONS   Reference library

The Oxford Dictionary of the Jewish Religion (2 ed.)

Reference type:
Subject Reference
Current Version:
2011
Subject:
Religion
Length:
377 words

(Heb. tenaʾim). Jewish law allows the imposition of conditions on many different types of transactions. For example, conditions can be imposed on financial transactions (e.g., ...

conditions precedent

conditions precedent   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

The contractual actions required to be complied with by a party to a transaction before it can be implemented (e.g.

essence

essence  

Reference type:
Overview Page
Subject:
Law
The importance ascribed to a term of a contract (said to be of the essence) which establishes it as a condition and justifies, when that term is breached, termination of the contract by the person ...
eurocredit

eurocredit  

Reference type:
Overview Page
A loan in a eurocurrency.
euronote facility

euronote facility  

Reference type:
Overview Page
This allows borrowers to issue short-term promissory notes through a variety of note distribution mechanisms, under the umbrella of a medium-term commitment from banks which agree to buy notes at ...
express

express  

Reference type:
Overview Page
Subject:
Law
Created explicitly and intentionally; stated (cf implied, implicit, tacit). For example express agency agreements, express contractual conditions, express trusts.
express term

express term  

Reference type:
Overview Page
Subject:
Law
A provision of a contract, agreed to by the parties, that is either written or spoken. Such a provision may be classified as a condition, a warranty, or an innominate term. Compare implied term.
implied condition

implied condition  

Reference type:
Overview Page
Subject:
Law
A term or obligation implied by law in a contract, any breach of which will entitle the innocent party not only to damages but to treat the contract as discharged (see condition). In a contract of ...
implied term

implied term  

Reference type:
Overview Page
A provision of a contract not agreed to by the parties in words but either regarded by the courts as necessary to give effect to their presumed intentions or introduced into the contract by statute ...
innocent misrepresentation

innocent misrepresentation  

Reference type:
Overview Page
Subject:
Law
A misrepresentation made by a person who believes, at the time the statement is made, that it is true (when in fact it is false), has not been negligent in ...
innominate terms

innominate terms  

A contract term that is neither a condition nor a warranty. Whether a breach of that term gives rise to a right to terminate the contract depends on the seriousness of the breach.[...]
maintenance

maintenance  

Reference type:
Overview Page
Subject:
Law
N.The provision of food, clothing, and other basic necessities of life. A husband or wife is obliged to maintain his or her spouse (see failure to maintain). Parents are bound at common law to ...

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