binder

(redirected from Twine binder)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.
Related to Twine binder: Binder Twine Festival

Binder

A written document that records the essential provisions of a contract of insurance and temporarily protects the insured until an insurance company has investigated the risks to be covered, or until a formal policy is issued.

A receipt for cash or for a check that is deposited by a prospective buyer with the seller to secure the right to purchase real estate at terms that have been agreed upon by both buyer and seller.

binder

n. a written statement of the key terms of an agreement, in particular insurance policies, so that the insured as well as lenders can be assured there is valid and adequate insurance coverage. (See: insurance)

binder

noun assurance, caution money, collateral, collateral security, deposit, earnest, escrow, expense outlay, gage, guaranty, handsel, indemnity, installment, investment, payment, pledge, receipt, receipt for payment, security, stake, token, token payment
Associated concepts: binder receipt, insurance binder, real essate binder
See also: connection
References in periodicals archive ?
So, although dozens of inventors contributed to the invention of the twine binder, none of them developed a really successful machine--until John Appleby, who therefore gets the credit.
Though not the inventor, William Deering certainly played a major role in development of the twine binder.
Subsequent pages featured the first twine binder to cut and bind wheat (built by Deering in 1879), the Deering 1-horse mower ("good for lawns, parks and cemeteries"), Deering's improved steel binder ("more are in use today than any other make"), and the Giant and Junior Giant mowers.