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 ?
This fact shows significant differences between "theoretically" similar binders.
Performing PG testing on RTR binders with larger particles will require using new geometries that will provide larger gap sizes that can accommodate those particle sizes.
SAN DIEGO - Gynecologic surgery patients at the highest risk for postoperative complications who wore an abdominopelvic compression binder for 24 hours after surgery had significantly improved ambulation compared with those who did not wear the binder, results from a randomized trial showed.
For organic binders, this was likely due to the rapid loss of solvents at higher temperatures.
The binders can be fully customized and include a wide-range of options, the company says.
For both the binders and folders, I try to file an e-mail message or incoming documents immediately.
have developed a new state Binder Specification Database.
If coverage is going to be based on an insurance company form, the binder should clearly specify that form, and detail any agreed upon changes to the standard form.
MIM uses fine metal powders of 10 to 20 microns together with small amounts of plastic or wax binder.
In addition, binders must be ruggedized (yes, that is a word).
which specializes in making all kinds of storage and carrying cases for computer media, music and other kinds of software, has come out with a nifty series of storage binders for DVDs.