Tooltip Tags: law

bilateral contract

Contract where each party promises performance. (source: http://www.investorwords.com/14138/bilateral_contract.html)

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basic payment account

The EU recommends that European consumers who do not have a paid account should be able to open and use a basic payment account, irrespective

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attest

To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts;

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attorney in fact

A person who is authorized to perform business-related transactions on behalf of someone else (the principal). In order to become someone’s attorney in fact, a

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asset

Property owned by a person or company, regarded as having value and being available to meet debts, commitments, or legacies. (source: wordreference)

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arbitration

A process in which a disagreement between two or more parties is resolved by impartial individuals, called arbitrators, in order to avoid costly and lengthy

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appeal

A process for requesting a formal change to an official decision. (fuente: http://en.wikipedia.org/wiki/Appeal)

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amendment

A change or addition to a legal document which, when properly signed, has the same legal power as the original document. (source: investorwords)

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actuary

A specialist in the mathematics of risk, especially as it relates to insurance calculations such as premiums, reserves, dividends, and insurance and annuity rates. They

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