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 ?
When you've finished with your binder you can file it away in your binder library and link to your favorite cloud storage device.
7% binder and then see what we could do," said Tim Purcell, Porter Warner Industries, Arlington, Texas, who consulted with Denison Industries during the testing.
Binders bring about stability to feed pellets, enhance the palatability of the feed, and are also used to enrich nutrition levels.
According to the police, Binder killed Labh in 2012 and buried him in her room after digging a six- foot pit.
They have introduced a new classification of hydraulically bound mixtures and new testing methods; however this has made it necessary to carry out comparative studies, on the basis of which new technical requirements have been laid down in Poland: WT-5:2010 Wytyczne mieszanek zwiqzanych spoiwem hydraulicznym do drog krajowych (Guidelines for Mixtures Treated with Hydraulic Binder for National Roads).
From repainting wood shingles on older homes to priming and painting fiber cement siding on newer homes, few binder chemistries match the exterior durability properties offered by 100% acrylics; however, the critical performance properties required for these substrates vary considerably.
In addition, there is a separate specification for unmodified bituminous binder (EN 12591 (2009) Specifications for Paving Grade Bitumen) and for polymer modified bituminous binders (EN 14023 (2010) Bitumen and Bituminous Binders--Specification Framework for Polymer Modified Bitumens).
RTR binder has also been used to address the issue of increased traffic and heavier loading.
The binder, which varies in size and retails for about $125, was placed on patients in the OR and remained in place until 24 hours after surgery.
Researchers evaluated plant-produced mixtures with high RAP content (25 and 40 percent), different binders (PG64-22 and the softer PG58-28), and a control mixture with no RAP The study improved the understanding of the performance characteristics of hot-mix asphalt (HMA) mixtures with RAP at high, intermediate, and low temperatures and examined plant-produced HMA mixtures containing RAP.
While higher binder levels may initially slow the shrinkage, over time it is more likely to produce more total shrinkage.