binder

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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 ?
The abdominal binder combined with FES produced increased expiratory pressure consistent with an improved cough[44] and increased peak expiratory flow,[69] however, manual thrusts generated the greatest peak expiratory cough flows.
In summary, during the period of spinal shock the work of breathing is decreased in the supine position; in the sitting position the use of an abdominal binder decreases the work of breathing.
Royal College of Midwives (RCM) has warned that abdominal binders such as the Cinch can do more harm than good, reports The Independent.