A deed contract is a form of contract of sale that sets out the terms for a property purchase, with the buyer making payments to the seller. The contract does not grant title to the buyer and the seller retains control until all terms are met. Deed contracts are agreements that describe the process for […]
A sales contract is a legal agreement between a buyer and seller that describes the product or service, cost, delivery, and terms of the sale. It offers legal protection and is important evidence in case of disputes. Both parties should read and understand the contract before signing. A sales contract is a legal agreement between […]
The contract curve is a point where a transaction is no longer profitable for both parties. It is used to determine when to pursue a deal and when to move on. It applies to different financial scenarios, including investing and day-to-day purchases. A contract curve is one of several economic curves used to illustrate the […]
An insured contract limits the amount paid out in a liability coverage agreement, often applied to leases or commercial agreements. Insurance companies use this to avoid large payouts and contracts may have numerous clauses and limits. An insured contract allows for a specific limitation in a contractual liability coverage agreement. With liability coverage, an individual […]
A contract coordinator finds and negotiates contracts between companies for essential products or services, ensures contract terms are followed, and may terminate contracts if necessary. They work with managers across different companies and need good communication and analytical skills. Many companies ask other companies to provide products or services that are essential to the running […]
A window contract is a type of guaranteed investment contract that allows for small payments over a set period of time, but is not guaranteed against insolvency. It is important to monitor the financial health of the issuing company and diversify investments. A window contract is a type of guaranteed investment contract (GIC) that is […]
Contract markets are exchanges that trade futures and futures options in compliance with local laws and regulations. They may be designated exchanges focused on specific commodities, and investors should understand the laws and rules of engagement before trading. Contract markets are exchanges that are empowered by the laws and regulations of a jurisdiction to engage […]
A contractual guarantee, also known as a collateral guarantee, allows an external guarantor to acquire rights in a contract and execute agreements on behalf of the guarantee to perform the contract. It is illegal in the US, but demand guarantees are allowed. The purpose is to ensure payment of a performance bond, which is often […]
Contract grades establish the status of a futures contract based on a deliverable product, ensuring investors get what they pay for. These grades are set by government regulations and commodity exchanges, and may change due to availability, political, or environmental factors. Contract grades are standards that are associated with various types of commodity investment situations. […]
A contingency arrangement is a contract that outlines specific actions to be taken in the event of a covered event. This backup plan is used by companies to prepare for possible events that could threaten the business’s continuation, such as using a series of suppliers. The terms of the agreement outline the process of transferring […]
A yellow dog contract is an agreement between an employer and employee in which the employee agrees not to join a union. It was used to prevent unionization and was banned in the US in 1932. The term is now used to refer to non-disclosure and noncompete agreements. In American parlance, a yellow dog contract […]
