aleatory contract Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “aleatory contract” in the English Dictionary

"aleatory contract" in Business English

See all translations

aleatory contractnoun [C]

uk   us  
INSURANCE, FINANCE, LAW an agreement that is connected with an event that is not under someone's control , that may or may not happen, and of which the result is uncertain. Most insurance agreements and derivatives (= financial products based on the value of another asset) are aleatory contracts: The most common type of aleatory contract is an insurance policy, in which an insurance company must make payment only after a fortuitous event, such as a fire, occurs.
(Definition of aleatory contract from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of aleatory contract?
Add Cambridge dictionaries to your browser to your website
A blazing row: words and phrases for arguing and arguments
A blazing row: words and phrases for arguing and arguments
by ,
May 04, 2016
by Kate Woodford We can’t always focus on the positive! This week, we’re looking at the language that is used to refer to arguing and arguments, and the differences in meaning between the various words and phrases. There are several words that suggest that people are arguing about something that is not important. (As you might

Read More 

Word of the Day

spaceship

(especially in stories) a vehicle used for travel in space

Word of the Day

trigger warning noun
trigger warning noun
May 02, 2016
a warning that a subject may trigger unpleasant emotions or memories This is not, I should stress, an argument that trigger warnings should become commonplace on campus.

Read More