insurance binder
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binder — bind·er / bīn dər/ n 1: a temporary insurance contract that provides coverage until the policy is issued 2: a receipt for money paid to the owner of real estate or to the owner s agent to secure the right to purchase the real estate upon agreed… … Law dictionary
insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or … Law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
binder — A preliminary, temporary insurance agreement that obligates the insurance company to pay the insured if the loss insured against occurs after the binder is issued but before the insurance policy is issued. American Banker Glossary An amount of… … Financial and business terms
binder — Said to be synonymous with insurance policy. Red Cab Co. v St. Paul Mercury Indem. Co. (CA7 Ind) 98 F2d 189; but better defined as a written instrument, sometimes called a binding slip or interim receipt, used when an insurance policy cannot be… … Ballentine's law dictionary
binder — /buyn deuhr/, n. 1. a person or thing that binds. 2. a detachable cover, resembling the cover of a notebook or book, with clasps or rings for holding loose papers together: a three ring binder. 3. a person who binds books; a bookbinder. 4.… … Universalium
insurance contract — A contract whereby one person undertakes to indemnify another against loss, damage or liability arising from an unknown or contingent event. An agreement by which one party for a consideration promises to pay money, or its equivalent, or do some… … Ballentine's law dictionary
binder — bind•er [[t]ˈbaɪn dər[/t]] n. 1) a person or thing that binds 2) a detachable cover, resembling the cover of a notebook or book, with clasps or rings for holding loose papers together: a three ring binder[/ex] 3) a bookbinder 4) bus an agreement… … From formal English to slang
binder — /ˈbaɪndə / (say buynduh) noun 1. a person or thing that binds. 2. a detachable cover for loose papers. 3. someone who binds books; a bookbinder. 4. Agriculture a. an attachment to a harvester or reaper for binding the cut grain. b. a machine that …
