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Custom-house agents

Custom-house agents were persons authorized by the Commissioners of Customs to act for parties at their option in the entry or clearance of ships, and the transaction of general business. They have been abolished for

partial claim

partial claim a loss mitigation option offered by the FHA that allows a borrower, with help from a lender, to get an interest-free loan

account

money or its equivalent deposited in the common cash of a bank and subject to withdrawal at the option of the depositor 4 : a right under Article 9 of the Uniform Commercial Code to payment for

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contract

obligates himself or herself in exchange for the promise of the other compare gratuitous contract in this entry option contract : a contract in which a time period is specified within which an offer must be accepted

cover

Under the Uniform Commercial Code, when a seller does not perform on a contract, the buyer has the option of covering, with the seller paying the difference between the cost of the cover and the original contract

derivative

take the form of customized contracts transacted outside of security exchanges, while other contracts, such as standard index options and futures, are openly traded on such exchanges. Derivatives often involve a forward contract. adj 1 : arising

family farmer

the Bankruptcy Code may file for bankruptcy under chapter 12, although a family farmer may also have the option of filing under chapter 7 or chapter 13.

lease

is responsible for certain expenses (as taxes) per·pet·u·al lease [pər-pe-ch-wəl-] : a lease renewable forever at the lessee's option proprietary lease : a lease used to convey to a member of a cooperative the exclusive possession of

limited partnership rollup transaction

which some or all of the investors suffer adverse changes including the receipt of new securities without an option to receive or retain securities having the same terms as those originally purchased called also partnership rollup rollup

lockup

correction, house of detention, jail, penitentiary, prison 2 : the tactic of arranging with a friendly party an option to buy a valuable portion of one's corporate assets in order to discourage a takeover by another party

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